Chart, page-6

I post a Point and Figure chart below to take out the market noise. Today's action could be profit taking as the close was hit close enough to the 32.6% fib on pullback. However, there were a couple of gaps prior to that which may encourage those using traditional TA to wait for the opportunity to buy at a tad lower price which may not eventuate, given the emerging rise in the gold price. Price with rebound if PGE drilling is successful, but if not, an excuse for some to press the stops which again assists accumulation by gold bugs in view of the current gold price which is GSR's main game now, and should be viewed in those terms. At the moment, the close, on the standard chart (which I have not posted), price lies well above the 13 HMA (Hull Moving Average). The Point and Figure chart suggests the volume out is small, since the reversal of trend, and maybe with a couple of oscillations, it will be back on course. The golden Zone retracement (50% to 60%) or 2.9 to 3.1 cents respectively is a fair way off too. If price hits these levels a cup and saucer pattern will form which is a strong indicator. Lot of games at play from multiple strategic interests. Given the very high grade nature and volume of gold (immediate target 500,000 ozs on the next drilling campaign) the stock is way undervalued compared to others. Patience will be rewarded. Profitable to mine what they have found to date. No brainer. Cheap.