While things are different now then they were then, we are only talking about 2 years ago. I really don't think UXG would be any higher than they went then for a few reasons. One is they didn't find all that much gold, and I expect we will. The other thing is, at the time, and even now I believe, they still haven't signed a JV yet, and I believe that we will very soon after posting our NI 43-101.
But what is impressive about UXGs move is this. They went from .30 to $3 from just announcing the start of test drilling getting their drilling results back. This run took about 3 or 4 months to complete, and then ended up going up to $3.50 in another 3 months or so after the first run before pulling back a bit.
We are about to announce the start of test drilling this week mostlikely, and we will also be releasing the numbers from each core as we get them back so we will know right away whats going on and whats there. Again, UXG made it's impressive move only solely announcing test drilling and releasing results. They didn't even sign a JV and they went from .30 roughly to $3.
Not only should be find far more gold than them, we also are already in NDAs with a few mining companies that are very interested in Handcamp. So I fully expect us to sign a JV very soon after publishing the 43-101.
The difference here with us though is we do have far more O/S then UXG did. So while our numbers should be alot better, that doesn't mean we will shoot up alot higher. I do beleive that if our results are great at Handcamp, $2 or $3 could be very very possible.
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