results only will make it run, page-13

Drilling on the weekend in my view...

At the latest, Moday/Tuesday?

This of course assumes all goes without a hitch...which I suspect is what might be behind the current soft trading.

The track record here is not good...so much of the larger lines will wait absolute confirmation that drilling is to start...or indeed has already started.

I suspect we will see a decent volume spike on any confirmation that drilling into leadville is underway!

Equally however, there will be even bigger monet awaiting on results from Leadville before initiating a position...and even more who will not move in seriously until flow tests and perhaps even preliminary reserve estimates have been made!

Should the news be good every step of the way, I would not be surprised to see very big numbers ensue.

Given everyones focus on drilling however...and interest in short-term events...I have to question just how many current holders will in fact be smart enough to read the post results environment?

I suspect most on here would likely be happy to sell at any old price that happens to seem "high"...potentially without regard to inherent value to the company of any find.

It is this scenario that the big players exploit in the "fog od war" on spike day...often leading junior retail on a mind bending ride, both up and down when the real action starts.

Need to be smart here...and if in doubt, perhaps sell half to lock in profits while still keeping some exposure to upside.

Cheers!