Good spot Hbunton. The pullback is to be expected given the roar into action. I loaded up on the dip and expect it to ratchet higher as more results flow in. Nervous day traders dumped a bit early IMO and are motivated by very short term variables. I adopt a more fundamentalist approach.
Understanding the nature of the gold mineralization satisfies my long term position and I have weathered the tougher times of .008c with my confidence in the management.
"Sorpresa gold is disseminated through structurally complex shear zones. The favoured host rock is carbonaceous shale that has undergone a change to graphitic schist. The gold accompanying silica does not form the usual quartz veins. It pervades the rock and replaces it. This is a strong distinction with most gold deposits."
Because the mineralisation is shallow, this should be a future low cost operation.
RIM Price at posting:
4.8¢ Sentiment: LT Buy Disclosure: Held
