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Point well made, CMP. I believe I found myself reacting to the results from hole #3, which had interesting numbers but had significant gaps between mineralized zones, when I decided to sell my position.
On a second look, hole #2 is very good and an expansion of this zone with these grades would have ,imo, a positive effect on the share price of GAX. I am now waiting for further assay results, which, if good, will again a make me a shareholder of this company.
Regards.
CMP, think about it. Intercept is fine but what about the overburden of 600-900 feet to get at this deposit. As soon as I saw the assays which were mid-afternoon on Dec. 8 I sold my position @$0.145. And 1.5gpt over 65 meters really doesn't cut it.
First time posting on GNH board.
Talked to Frank yesterday and the company is presently drilling hole #149 ( as I recall ), which will be the last hole before a 1 week break. Then its off to Laval's Mountain in December to punch 5 holes which will conclude the 2010 campaign.
Frank mentioned the long delays in receiving assay results from the lab which does make sense with amount of drilling going on in Quebec.
Good luck to all GNH holders.
bb51
Right on,Tim9lives.
Another analomy of similar size and grade is what is really needed to get or probbly surpass the $10 range. These are good results and will give the stock much support.
bb51