"With Mapawa, I believe that GE (and CJ for that matter) is quite confident that RED has got a huge bulk gold deposit in the making, but will be careful until some of the next holes are drilled and assayed. But the danger with hole 2 is that if it is not so great (as expected to be the case based on typical zonation of porphyries) it could create a deal more angst with certain investors who seemed to have got involved more because of the Mapawa story, rather than Siana which is worth so much already.
I think we have all found RED to be less market savvy than other spruikers who like to turn a successful hole into a gold mine in its own right! While its good to be conservative and careful with the work, there is nothing wrong with taking advantage of hype in the market place!"
Beatle
RED Price at posting:
$1.65 Sentiment: LT Buy Disclosure: Held
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