I'm encouraged hobo, so encouraged i bought more in the...

I'm encouraged hobo, so encouraged i bought more in the weakness

this drilling is a sideshow, the main game is the high grade at Blue Spec . Still, their neighbour MOY managed to prove up 1 million ounces of open pit gold in the Mosquito Creek formation so its an exploration program of Merrit(y).

My call is they will pull off a 50/50 J/V with the partner ( who I predict to be Canadian) stumping up the $15million odd needed to get going

Its a very robust project. They have to get back in the mine to explore deeper. Although the deepest resource part of Blue Spec came in at a low grade its still payable ore at todays gold price and there are some very interesting high grade structures within it .

Golden Spec is payble and open at depth with grade increasing. They could develop that later and blend the ore with the lower grade from Blue Spec. There are some very interesting structures further along the Blue Spec shear zone. I am very confident they can prove up 500,000 high grade ounces once they start mining and have the cash flow to explore.

The day they announce a J/V it goes to 15c

I'd say at under 7c its one of the best junior gold plays right now on risk/return