Wednesday, September 21, 2011 11:48:03 AM
Its incredible how quickly mood changes in I think because of the volatility that is commonplace these days. Only 50 posts ago value quoted this:
“I think the pilot plant is probably the turning point in the company’s progression,” Reaugh emphasizes. “We’ve had a process that we worked in batches, and it has performed. But on a continuous basis, that’s a different story. Now we’ve been running material for several days on a continuous basis, and the results, like liquid-solid separation and all those things, are performing as we want them to. I think we’re going to remove the big hurdle which a lot of companies, some of our competitors and other mining companies, would look at as a potential risk. We’re going to eliminate that within a month.”
It sounds to me like nothing is going south except the sp. I think most of us spent any dry powder in the $.50s, with a twinge of regret right now, which has morphed into fear. Anyone who was looking to load up did so at the bargain price of $.54 over the last few weeks. "If I had the cash, I'd be buying." Sounds familiar.
“I think the pilot plant is probably the turning point in the company’s progression,” Reaugh emphasizes. “We’ve had a process that we worked in batches, and it has performed. But on a continuous basis, that’s a different story. Now we’ve been running material for several days on a continuous basis, and the results, like liquid-solid separation and all those things, are performing as we want them to. I think we’re going to remove the big hurdle which a lot of companies, some of our competitors and other mining companies, would look at as a potential risk. We’re going to eliminate that within a month.”
It sounds to me like nothing is going south except the sp. I think most of us spent any dry powder in the $.50s, with a twinge of regret right now, which has morphed into fear. Anyone who was looking to load up did so at the bargain price of $.54 over the last few weeks. "If I had the cash, I'd be buying." Sounds familiar.
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