Buy the unjustified panic. The release today clearly states that they are going to trumpet positive geologist reports next week. The thing can only go down 4 more ticks for godssake.
It was 100,000% undervalued before. Now it's just 20,000% undervalued.
Wah! Panic sell! MM's use terror tactics to shake your shares and break your spirit.
Take your meds so you can focus for ten minutes. Read the *whole* PR. The title and tone of the beginning of the PR were defensive, which hurt. But the important stuff was the part about the gold.
Remember the gold?
here is the part of the press release everyone should be focused on -
APPOINTMENT OF GEOLOGISTS:
Management is pleased to confirm that it has appointed Craig Parkinson as the Geologist who will be initially responsible for the assessing and development of three of the Company’s Exploration Properties, namely “Clara, Burnt Well and Kit Carson”. Craig has considerable experience in this Geographic region and the Management and development of Mining Properties in that area. Craig is licensed in the State of Arizona. Craig will be initially compiling reports and coordinating with Management on the exploration strategy on each of these three properties and as each is completed, they will be published and made available to stockholders.
The Company has appointed an additional Geologist whose sole responsibility is the Company’s “White Hills” Gold Exploration Property. This Geologist has intimate knowledge of this Property, has overseen previous successful Drilling Campaigns on this Property and is uniquely positioned to expedite and execute our planned development of “White Hills”. Management is awaiting confirmation that this Geologist is able to assume his duties on “White Hills” immediately. Upon Management being satisfied that this Geologist is able to resume duties immediately, we will communicate his details to stockholders, failing which, the details of his replacement.
The details of the Agreements with both of these Geologists will be filed on the OTC Markets as well as their resumes.
DETAILED INFORMATION ON THE COMPANY’S EXPLORATION PROPERTIES:
Management recognizes the need to publish reports and where possible, conservative valuations on each of its properties. Whilst we are in possession of volumous data on each of the properties, including former drilling and assay results, Management believes that these reports should be prepared by and signed off by our Geologists, prior to publication.
To that end, Craig Parkinson will be preparing the reports for “Clara, Burnt Well and Kit Carson”. Our other Geologist is preparing the report for “White Hills”. The reports for “Silverfields and Potts Mountain and Ester Basin” may well be prepared by Craig Parkinson, failing which, by another Geologist.
It is expected that these reports will start becoming available as early as next month.
ACCELERATED PLANNING FOR “WHITE HILLS” GOLD EXPLORATION PROPERTIES:
The Company acquired “White Hills” with specific exploration planning in mind. To that end, this will entail the extension of former successful drilling programs on the property. The Company will update stockholders once the arrangements for its commencement are finalized.
The Assay Reports from previous drilling are being compiled and checked by the responsible Geologist and will be made available next week.
Let me repeat the most crucial passage for emphasis: The Assay Reports from previous drilling are being compiled and checked by the responsible Geologist and will be made available next week.
Let me translate: This property was already drilled successfully. We already know that it has more than enough gold to kick in the financing we have already arranged so that we can work the claim on their dime (i.e. the results of previous assays showed there's a high concentration of gold. an assay is a process by which geological samples are analyzed for their content and gold, silver or whatever desired metal levels are assessed). We are going to have a qualified geologist retest the previous samples and review the validity of the assay reports produced in the past (which were used to justify successful digs). We will conclude that indeed there is gold in them thar hills, and we are going to announce it next week in PRs.
They telegraphed the gameplan.
It's reading, kids.
The more you know. *public service announcement jingle plays*
AI
