advanced copper - west african gold 8 mill ev

*Resource statement is due following extensive drilling at a historical mine at Falun.

*JV with Panoramic resources for exploration in Finland.

*8700km2 land holding in Mauritania in the reguibat shield which also hosts an 11 million ounce deposit.
Previous rock chip results have shown up to 62 grams gold.

field work and Sampling for this project is under way.


Price action over the last month is clearly suggesting that Drake is way too cheap. Share price has now pulled back to the 50% fib level following a massive run up which started mid october.

Massive volume on the way up and low volume on the way down is suggesting that this is a normal retracement to alleviate previously overbought conditions.

Someone wanted in fast over the last month and was willing to chase the price up, nothing has changed.
Taking into account drakes market cap of 14 million dollars and cash of 6 million this leave a total value for its projects of 8 million dollars.

This is just way too cheap and wont last - very under the radar play at the moment,look to purchse at current levels or on further weakness as it is a gift.

Watch this space.