Tuesday, September 16, 2014 8:29:52 AM
http://seekingalpha.com/article/2498185-update-perseus-mining-announced-edikan-exploration-results?uprof=45
Summary
Perseus Mining releases exploration results indicating an expanded resource estimate with a higher average grade is very likely.
This wasn’t expected but is obviously excellent news, depending on the eventual size of this zone.
The investment thesis remains unchanged for now, as the operating team at Edikan has to prove it can run the mine more efficiently.
Perseus Mining (OTCPK:PMNXF) has released an update on its exploration program at and around its Edikan gold mine in Ghana. Approximately half of the planned 5,560 meter infill drill program has been completed, and the first batch of results has been returned by the lab. There are some very interesting high-grade intercepts such as 12 meters at 14.2g/t and even the interval of 28 meter at 1.6g/t is very good, given the fact the average grade of this intercept is approximately 50% higher than the current grade of 1.1g/t at Edikan.
(more)
Diversify. We invest to make profits. You need to take profits when you have large spikes in stocks, especially if you are up over 100%.
At least sell half, and ride some free shares.
Have some stocks, EM, bonds, real estate, etc.
FEATURED Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • Apr 25, 2024 8:52 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM