the market has worked this one out, and has decided that the...

the market has worked this one out, and has decided that the results released today, are nothing to get excited by. a late trade for about $1000 at 2.7c, hid the fact that over one million shares had previously been traded at 2.5c.

the only "known" from the drilling, is that there is a 3 m intercept (but not true width), which is in a zone, which the company probably believes, is about 50 m long - and the intercept is 300m from surface. a hole (ddh01) drilled about 120m updip, gave an insignificant 1m at 1g/t.

the next drilling at the central zone, will be a hole, targeting an area, 60m updip from ddh02m and a deeper hole - perhaps about 100m downdip from ddh02. another hole, will be drilled abut 100m down dip from ddh03.. and depending on the results of ddh04, there will be another hole in the northern shoot.

the first three holes give very little encouragement of finding 500,000 oz,

with continued cash drain at selheim, and then the closing down over the wet season (well, that will slow the cash drain) - then scottjack will get his shares at 2c.

this stock is ready to implode, rather than explode