Grayd Resource Corp fka GYD

[Ed Monton]

Post from Stockhouse:

http://www.stockhouse.ca/bullboards/viewmessage.asp?no=7410827&t=0&all=0&TableID=1

Management
Earlier this year, Marc Prefontaine became President of Grayd. Marc was formerly Hunter-Dickinson's project manager for their Anooraq Resources (v-ARQ) which recently discovered a large platinum resource in S. Africa.
The former president of Grayd Resources was John McCluskey who became President of Alamos Gold (v-AGI). Alamos is developing a large gold deposit near Grayd's property. McCluskey is still a director of Grayd and a very large shareholder.
The above is important to grasp when considering Grayd's most important property which is La India 1 and 2 located near the Alamos Gold deposit in Mexico. My hunch is this is the Mexican connection that drew Grayd to Mexico.
Prefontaine has been aggressive. He dropped marginal properties. Money has been raised. He added his friend John Robins (who created the Northern Empire - Stornoway diamond project) to the board. Exploration work is now underway.

The Properties
The key property is La India. This property is located next to Chesapeake Gold's (v-CKG) highly rated La Juliana property which has not been drilled. La Juliana is located next to the Alamos Gold property where a large gold deposit is currently being outlined.
Grayd's La India has never been drilled. It's an early stage project. Preliminary sampling showed areas with visible gold. To see location maps, check Grayd's website at http://www.grayd.com

Grayd currently have 3 geos and a sampling crew at work. This work started several weeks ago. It involves geological mapping, trenching and sampling. Prefontaine does not want to issue selected results. Instead he will issue more comprehensive reports - the first one likely in the first week of March. Objective is to have the property drill ready by April/May.

The Markets
Last week the stock caught fire. It traded a heavy 2.9 million shares. That's high volume for a previous sleeper.
Like you I've heard CKG people own a lot of shares. However, I heard that over a month ago and the info is second hand. FWIW I believe there is likely interaction between GYD, CKG and AGI people. Makes sense as they have a lot in common and their properties are only a few kms. apart. I'm guessing people within these companies sparked trading volume as they monitor Grayd's exploration progress.

Last you ask what's the upside potential? Obviously it could be very high. Perhaps a better question is what is the risk:reward ratio? At this point I see risk as low with potential reward very high. That makes GYD still a buy in my book - specially on any weakness. Naturally that's opinion and fwiw.

Hope the above helps.

Bob