My knowledge of gold is limited to getting excited if I see results more than 10g/t.
Many thanks to eshmun and specgoldbug for their expertise in analyzing the results.
Short term I have no idea where the SP is heading. Most goldies have been facing strong headwinds, but this might create good buying opportunities for us.
In looking at the chart I can see it breaking upwards, especially with more results coming soon, but I can also see it consolidating in the 9.0 to 10.5 range.
A break above 10.5, however, would be very, very bullish.
MGV Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held