Well Gibba, guess you got your fill? I got some more today as they're just too good to pass up at these prices.
We got prelim results 4 weeks ago from 7 holes that have been drilled since the 29th of Jan (2 rigs). Without problems it means they are drilling close to 2 holes a week, which should see another 7 almost completed by now. On that basis I don't think we can be too far away from next results or the confirmation of the first assays?
If hole 7 produced the highest DSO %, then these next results should be the company definers we hope them to be?? Even though they are probably only going to be the 300m-1000m length of the 20km strike, I see it going two ways; 1) We get confirmation in the next 300-1000m that we are sitting on the expected high grade ore and that the next 19000m will most likely result in some happy days for us holders (with some hits and misses along the way) 2) We miss the expectations and have to wait for the other 19000m to be drilled, time, money and probably a serious SP drop as we will probably be waiting until July before next results and then onto the wet season.
I'm looking forward to the next few weeks in anticipation of good results and am suprised to see the SP at this level, but see it more as an opportunity than a problem at this point in time.
GLTA
MBM Price at posting:
20.5¢ Sentiment: LT Buy Disclosure: Held