Hey Treasure Hunter - we definitely share the same tastes in stocks - undervalued smallcaps. I've invested in a few of the other small caps where you sometimes frequent.
Anyway, the drilling announcement was made for Black Cat JV. It's tenements have good historical grades, are very large in size, and with several anomalies to drill it looks exciting IMO.
At such a small marketcap, it doesnt matter whether you buy at 2.5c or 3.5c, the upside is significant. Drilling results showing decent grades is going to raise more than just a few eyebrows.
Charting wise, the stock put in a distinct higher low, which is quite bullish and indicates trend change.
With regards to Aztec Dome,the completion of their borehole magnetic anomaly detection method will hopefully set up some good drilling targets and raise interest further and therefore sp.
TMX Price at posting:
2.9¢ Sentiment: None Disclosure: Held
