Friday October 30, David Pescod's daily report included this comment from John Kaiser
The third one (Top 3 pick) is the one that is related to that trip I took with Geologix Explorations (GIX) and this is a copper / gold story. This is a story where one, a PEA uses fairly conservative prices and it looks kind of interesting. It's going to go from .50c to $1.50., but if you plug in current gold and copper prices you are talking about a $3.50 target and if you do what their exploration VP thinks he can do (namely double the size of the resource and then double the life of the mine at the scale they’ve chosen for it) you are talking about a $7.00 price target. And if you actually go crazy and plug in $2000 gold and $5.00 copper like some of these banks are now suggesting might be the new reality, you are talking about a $13.00 price target. Those are my three top picks for the moment.
Good momentum and upside potential for shareholders in this one.
