I just sense that this is the bottom, even though there is the danger that some holders will see the results of the pending assays from Bottletrees DDs 11, 12 and 13 as 'not good', or regardless of merit, an opportunity to sell. The 3 announcements from this week have triggered selling.
We now know that the 3 BT holes were drilled into wall rock porphyry: 'Due to seasonal field constraints, only holes targeting the main Wall Rock Porphyry Zone were completed.' Therefore, the market should not expect anything spectacular. I fear though that those wanting 'out' will hit the sell button, but that would offer long-termers a good chance to add stock.
Now for this comment from Monday: 'We will also be planning a maiden program on a possible third porphyry, Wyandotte.'
This is either idle talk - a sort of puffery - or something very meaningful. I certainly hope that it is the latter as that would indicate that drilling money is on its way; not straight away, but say before April. I live in hope!
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- Ann: Cockie Creek broadest intersection of mineralisation CCDD007
Ann: Cockie Creek broadest intersection of mineralisation CCDD007, page-58
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