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Re: MineAllMine post# 100690

Friday, 07/13/2012 12:38:33 AM

Friday, July 13, 2012 12:38:33 AM

Post# of 173238
"we seem to have a whole bunch of impending news that may take 30 or 60 or 90 days before it is released. .... what happens to the chart?"

Unanswerable question. Price is a plant - from the Chart you can get an Idea of how the plant is doing, and how the soil/water/sunlight conditions are. news is frost (bad), fertilizer (good), or Drought (none).

When waiting for news, traders exit, investors enter - the longer the wait, the lower it goes - if the wait goes beyond expectation, the lower it goes again.... unless investors see a compelling reason to accumulate over time while accepting the cost average.

What are you expecting? What are others expecting? Permits approved in rapid order. Permits delayed by unnamed Red Tape. Arrowheads Found/not found. Drill Rig Breaks. Like a Hot Knife through butter, Bullseye with Bonanza Grades.

The most reasonable thing to expect is that the plan will be advanced with funding from PP's or fairhills in a workmanlike fashion more slowly than you would like and that once an uptrend, downtrend or side ways trend is established it will continue until the next release/leak/development of info. or change in the underlying market (metal prices, Depression/recession/boom, Market sentiment.

The Chart also gives you an Idea of what the growth potential of the plant is, but there are so many ways to conduct that exercise (Fib, Pitchforks, Horizontals, Diagonals, Fans) that you're just picking a "Guess Method" IMO.

A deposit can't be accurately valued until a Proven Measured Resource and feasibility Study are complete, final share structure, JV terms (if any), etc. . . . A Looong way off.

And newsletter guys charge big bucks for similar 'Predictions' LOL

Ride 'em, Cowboy.
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