G'day BTBM,"Time for the true believers to buy more"Don't think...

G'day BTBM,

"Time for the true believers to buy more"

Don't think the projects warrant deep faith, though it is certainly an interesting situation.

The only final saving grace for GMM will be if the alluvial assays come up rich. Rumour has it the locals used to pick up nuggets from the ground, hence the decision to target the area, though my understanding is that this is the last chance to generate some interest before the -30C cold sets in, preventing further activities at Uvs for the season.

I hold in hope of PGE/Au luck, but it will be a long winter for holders if they come up empty handed. They have the cash to pull through at the other end but the SP may decline below cash position in between. It's a pity because the conceptual potash target looks very sound and will make a great play next year. I plan to buy the dips for the next few months, as they may present an excellent opportunity to accumulate at or below cash value before the deep drilling at Uvs.

Cheers

Tawny