Friday, September 18, 2009 10:40:38 PM
They will be drilling and proving up the resource. That is no small thing. IMO, again, they have been down playing the size of the deposit.
The drilling should start soon and we don't know what else they will find there. Looking at the geology they have the potential to define a much larger resource of Vanadium than has now been estimated.Plus the hidden unknown cold be that we have something else on the property. The potential is there..........It is a rich area.
Plus with the people running this show, I would not expect them to sit idly by watching the pain dry for 18 months. That is not going to happen here.
IMO, this is to powerful of a play to try to trade to much of it for small gains. If you where out today picking your nose or golfing hopping to get back in at a cheaper price, you missed the ride. There is really no way of knowing when this will pop.
I speak from experience. I tried to trade a small portion of my position for quick gains. I now have 10,000 shares less than when I started.........Eehhrrr! I will sin no more.
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