MT, if you check the posts from last night the hype was that today was going to be a barn-burner of a day. It has turned out to be a bit of a damp squib. We all have our views as to why this is so. You think that news of this and the implications have not been disseminated to the world at large. I find that questionable - as some have posted, this thread has a lot of reads.
I asked the question yesterday as to the time frame for the milling permit and it was suggested that it would likely happen in a matter of days and certainly in July. I'd love to know if that is an accurate estimate or whether it is something that cannot be predicted.
Some of us believe that the price action is suggestive of dilution. We will know soon enough how much, if any, dilution has occurred.
Can it go higher? Yes, I believe it can once they start mining. Will it ever reach $1 or even 50c? No chance, IMO - unless something dramatic happens to the price of gold.
Like I posted, my expectation based on the current price of gold is that it may get to between 3-5c if everything falls in place - which would be a pretty spectacular return from where we are today - which is why I have a position.
All this chat about the stock getting to the dollar range and higher is pure fantasy ............. but nothing wrong with a little fantasizing, I guess!
JMHO
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