daytrade diaries... september 18, page-2

Did anyone read the Scotgold (SGZ) announcement yesterday

The next Silverlake (SLR) unfolding ???

Company Very high grade gold veins up to 70g/t found and resource estimate of 470,000 oz.

Estimate market cap should be approx $40-50m or $80c-$1.00 a share based on 1/3 of silverlake 1.5m oz and allowinfg for other items such as $25m for tailings plant.

Stock finished at 17.5c up 30% from 14c

This stock could double by Monday. Its should have yesterday. Maybe some more in it.

Market barely noticed yesterday but today could be its day in the sun. An insto buyer was very strong "off screen" at 15-17c...accumulating all the day traders yest. Should form a nice resistence point.

Check it out. On a quiet friday it may be the one the rocket.

Only $10m in mkt cap but with $1.5m in cash, some new investors and maybe the highest grade, new gold find since Silverlake and that stock went ballistic !!

Ill call it the next silverlake.

Cheers !