In my humble opinion: I think the selling is premature and there's a lot to like about these results and the impending results:
The impending results from UGA 05 & UGA 06 will more than likely show down dip continuity of the UGA04 ore zone from the north, which looks like its dipping about ~45 degrees.
UGA06 & UGA07 will be the best holes so far in determining the true width of the ore zone, UGA 05 results will look amazing but may not define true width properly if they drill down dip of the ore plunge.
UGA07 is targeting the deepest part of this ore zone, and the previous results appear to show a structural (fault) or lithological control (footwall?) terminating grade which is looking like this hole is planned to finish in.
UGA04 proves continuity of the ore trend to the south, which as investors we like because they are growing the resource.
Low grade zone (UGA01 still open at depth and needs definition.
I believe the results from UGA 05 & UGA 06 should provide the biggest kick to the share price we have seen so far, so I won't be selling.
Even if they don't get immediate approval to mine they've got a resource that's getting bigger. Governments love mines because of the jobs created, infrastructure created and royalties - mining is inevitable eventually, especially with the current gold price.
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