TGZ has risen to CAD90 cents on the TSX, up another 6 cents (7%)...

TGZ has risen to CAD90 cents on the TSX, up another 6 cents (7%) last night while the GDXJ tanked 3.3% due to a USD21 fall in the POG to USD1242/ounce.

It looks like the Canadian market does not care about the loss of over 1 million higher grade ounces at Masato and believes the existing higher grade ounce reserves (which may last 5 years) are enough to enable TGZ to meet its commitments, and perhaps that more higher grade ounces will be found later on.

I lives and learns.

loki