announcement - is this good?, page-2

My thoughts.

Please note I bought at 0.305.

The results included;

171metres @ 1.71 grams incl. 15m at 7g
39 metres @ 3.47 grams

Although this is not as good as the massive intersection in December, it does confirm an orebody of significance.

The 'keel' zone was again intersected with visible gold. The sampling of this zone is unfinished, but they gave some grades for it (8m at 2.79g). It is difficult to understand if 'sampling unfinished' means they have not got results back for the rest of the hole or it refers only to that 8 metres.

Overall, the results are good but do not have the shock value of the December results.

On Gold, the rally turned yesterday with the USD, which made me exit NCM calls just before lunch. With continued USD strength Gold should go sub 320 near term before turning.

Regards,
noip
Long ALK RIO WES S&P500
Not short anything at the moment