comparison with gammon lake

The price may retrace say within say 2 days but it could also sidetrack; I prefer the latter. It is starting to do that now while rising slowly.

http://bigcharts.marketwatch.com/javachart/javachart.asp?symb=AU%3ABSG&time=&freq=

It may form the same type of staircase as at 75 cents (Bring the curser back a bit till you hit the closing price of 75 cents. It progressed from then on but because the demand fell, it had a belatedly slight retrace and fell 7 cents over a few days. It then rose vertically: good drilling data and perhaps the Presentation, dated 1 Sept. -Thanks ROSCO:

http://www.palmarejogold.com/i/pdf/PalmarejoPres-Sept1-05.pdf


It is possible that the demand will keep up and as it does so, we may see a slow sideways positive creep for a couple of days?

The PRESENTATION helps-See page 31, where a number of Companies are compared:

Gammon Lake, 3 mill ounces gold equiv. grade 2.4 gr/tonne, Market Cap $CAN 644 mill.

Palmarejo, 3.1 mill ounces gold equiv. grade 4.8 gr/tonne and Market Cap $CAN 156 mill.

So with a grade of 2 times that of Gammon Lake, the Palmarejo Market Cap is only 24.2% of that of Gammon Lake.

And it is this which is also driving the BSG price.

They have plenty of drills--so more and more drilling reports will be issued.

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.