Winston Gold Corp. (WGMCF)

[MaxzMillionz]

Not if this is a breakaway gap caused by a jr mining company actually going into production.

For starters I don’t put a lot of faith in charting for thinly traded penny stocks, but even so this mine has just transitioned from a mine trying to go into production to a producing mine. I see the two most likely possibilities are 1) the company goes quiet and the stock price could drift back to the .09 range until they announce actual production data sometime in April, then the share price will follow the mines financial performance, or what I bet will happen is 2) a media blitz by Joe Carrabba and Murray Nye will elevate the share price until production data will be released and then the share price will fall in line with the financial performance of the company.

I am an investor not a trader, so I am admittedly not a charting wizard. My prognosis is solely based on that I think the companies financials will be based on their production projections and traditional P/Es for the mining industry. With current gold prices and a production cost of $900/oz this investment looks solid. Add in the speculation that gold prices may rise significantly due to the state of the economy and government spending, this mine could be coming online at just the right time.