There is roughly 5 more years in this gold bull market (if cyclic forces repeat themselves). I wonder how long of a time frame Andrew Malim had in mind. I am thankful that I can get this junior miner as this price. We should be seeing a nice move up now (actually overdue), so I don't expect this price for much longer. Especially after the next release. I looks to me like CD's drilling pattern supports the preliminary drilling necessary to drive a shaft right into the heart of this elephant. When you look at the grams/tonne that Gold Corp is processing (.5grams/tonne) and still making a profit I feel strongly that driving a shaft on TPW will pay for itself from the ore removed just based on the drill results thus far. There was an obvious reason why CD decided to drill shallow to the East of the high mineralization zone. My guess is these next 9 holes will provide the JV partner the information they need to make a final commitment. We should here something shortly thereafter, I hope anyway. Perhaps the local candidates are playing hardball and CD is collecting data to bring in a bigger player. Wouldn't that be something... Anyone having inside knowledge of the current plan without violating insider information rules would be appreciated. I did find the following on EXS Website under TPW titled "Explor Resources Expected Milestones"
• Continued Drilling and Positive Results on TPW
• Announce Closing of Private Placement 3rd Qtr. 2011
• Start of New 30,000 m Drill Program 3Rd Qtr. 2011
• Monthly Press Releases
• Updated Gemcom Model 4th Qtr. 2011
• Receive NI 43-101 Resources Estimate 4th Qtr. 2011
• Announce Comp. 30,000 m Drill Program 1st Qtr. 2012
• Announce Start of New Drill Program 1st Qtr. 2012
• NI 43-101 Resource Estimate Update 3rd Qtr. 2012
I am thinking worse case we will be in the price range of .34 - .50 through end of October. I think there is huge potential for a gigantic uptick if there is a Eureka moment such as 150 meters plus of >10g/tonne.
I plan on buying for the next 2-3 years as long as the model keeps being proven and the NI 43-101 keeps getting bigger. I feel pretty confident this is going to be a winner in the long term. Time will tell...
Thanks for all the usefull messages you all are providing.