Re: What is the expected SP move today?
in response to
by
posted on
Feb 21, 2013 08:42AM
I wouldn't count on a move down at all. This news is real news and unlike others who report, analysts will take note. Read Dave's comment from the PR closely:
"The results from the Borden Gold deposit drilling include some of the best intersections we have seen to date and indicate a coherent transition into higher grade gold values to the southeast. Our priority now is to continue defining and evaluating this high-grade mineralization and drilling is now underway to begin accomplishing this task. The Borden Gold project continues to distinguish itself and evolve into what might become one of Ontario''s most significant gold deposits. With over $30 million in treasury, we are well-funded through 2014 and able to advance the Borden Gold project and continue building value for our shareholders."
If you have read all of the research reports, you would note that all of the analysts are waiting with anticipation for Probe to prove that there exists high grade zones in this find....this PR is bascially confirming that the first few high grade holes were not a fluke, this is definitely turning into a much higher grade deposit then what most had thought. We are setting ourselves apart from other finds which are of lower grade. I am sure Dave thought long and hard before saying "might become one of Ontario's most significant gold deposits."