Be interested what Spec has to say about this.
From the laymans' perspective this looks like a 'yahoo' moment but understand, possibly, (but unlikely) a concentrated/isolated hit; only further drilling will tell.
Question is whether to buy the 15k @30c , or not? Bearing in mind what I said in a previous post that the wimpy, profit takers will sell out at mid 30's for some time to come until the patient, confident/optimistic investors get the rewards of another 1m oz or so, extended mine life/wonderfully high grade material going into a well constructed, commercially viable mill. (Plus possible take-over bids?)
My strategy will be to let them do their thing for the next 6 months and see where it goes.
GCY Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held
