GCY
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1.82% 54.0¢ gascoyne resources limited

Ann: Very High Grade Gold Intersected at Dalgaranga Gold Project, page-64

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  1. sabine
    5,305 Posts.
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    21/09/18
    15:11
    Post #: 35757689
    Answering my own question ( to some limited degree) there is a company called S2R where excited buying followed news of a paleochannel with good results
    Between 14.04.16 https://hotcopper.com.au/threads/ann-high-grade-gold-hit-at-monsoon-s2r-ax.2747671/#.W6R7MRo_Xmo
    And 20.09.16 https://hotcopper.com.au/threads/ann-monsoon-drilling-update-s2r-ax.2933693/#.W6R6iRo_Xmo
    That company went from around 16c to around 50c and had a cap raising on the strength of paleo channel gold.
    It’s currently 10c.
    I guess the message is that even a series of new drill holes with excellent results at Tanqueray may not carry the price to any sustainable highs .
    The good thing is whatever comes of this new potential trove there is already well-mapped, genuine resource currently being mined with realistic expectations of improving grades down the track .
    Cheers
    Last edited by sabine: 21/09/18
    GCY Price at posting: 32.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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