Gold has traded between $1,127 and $1,143 so far today (see updated chart below)…as of 8:45 am Pacific, bullion is up $7 an ounce at $1,138…Silver is a nickel higher at $15.19…Copper is off 6 cents at $2.37…Crude Oil has fallen $1.67 a barrel to $45.23 after the Fed warned on the health of the global economy and bearish signs persisted that the world’s biggest Crude producers would keep pumping at high levels to maintain market share…meanwhile, the U.S. Dollar Index has reversed higher after nearly touching 94 this morning…it’s now up one-tenth of a point at 94.73 after selling off yesterday…
As expected, the Fed didn’t have the courage to pull the trigger on a rate hike yesterday. “In light of the developments that we have seen and the impacts on financial markets, we want to take a little bit more time to evaluate the likely impacts on the United States,” Fed Chairwoman Janet Yellen said at a news conference following a 2-day policy meeting…
The perception of “ZIRP” forever (Zero Interest Rate Policy) should provide underlying support for the commodity sector as the U.S. Dollar continues to weaken (see updated chart below)…most of the policy makers at the meeting, 13 of 17, indicated they still expect to move this year, but that was down from the 15 who held that view in June…the central bank has two more scheduled policy meetings this year, in late October and mid-December…it’s growing increasingly likely that the Fed may not act at all in 2015, and how would potentially affect their credibility?…
In a media note following yesterday’s interest rate decision, the World Gold Council emphasized that central bank monetary policy decisions are only one factor that impacts the Gold market and not a dominant driver…
“Research shows that higher interest rates are not necessarily bad for Gold,” the council said in its note. “While higher interest rates make holding Gold more expensive, the vast majority of global physical demand is not linked to investment demand in the U.S. Further, Gold’s role as a diversifier remains a valuable trait for investors and this has been the case historically with inflation-adjusted rates as high as 4% – far from where we are now.”
Updated Gold Chart
It appears Gold is gearing up for another run at chart resistance at $1,150, thanks to the Fed’s continued inaction with regard to a rate hike…for the past 2-and-a-half years, Gold has remained within a downsloping flag as shown below…on the previous three occasions when it touched the bottom of this flag, it then rallied within a few months to the resistance at the top of the flag…it’s reasonable to expect this trend to continue…
TSX Gold Index Updated Chart
The TSX Gold Index has some work to do to push through various resistance levels (the nearest is 135), but the general outlook for producers (particularly ones with low cost structures) has to be considered positive…the Gold Index has consistently found support at the bottom of a bullish downsloping wedge since 2013…the 50-day moving average (SMA) has been in decline since June and could soon reverse to the upside – that would mark a “momentum” shift…
The Gold Index is relatively unchanged at 128 as of 8:45 am Pacific…
U.S. Dollar Index Updated Chart
As we’ve been pointing out for the last several months, the U.S. Dollar Index is looking increasingly weak and another test of key support around the 93 level appears likely…dollar bulls have been counting on the Fed to raise rates, and Janet Yellen keeps letting them down…if the Dollar Index were to break below its primary support band as noted in the chart, the bulls will be jumping ship in a hurry…
Today’s Equity Markets
Asia
China’s Shanghai Composite edged slightly higher overnight, closing the week at 3099…Japan’s Nikkei average fell 2%, however, to finish at 18070…
Europe
A grim day for European markets – they were all down significantly, led by Germany’s DAX which tanked 2.8%…
North America
The Dow is off 161 points as of 8:45 am Pacific…financials are leading the U.S. market to the downside…in Toronto, the TSX has fallen 122 points while the Venture is off a point at 550…a strong finish to the week for Equitas Resources (EQT, TSX-V) which has added a penny-and-a-half to 18.5 cents as of 8:45 am Pacific on total volume (all exchanges) of more than 2 million shares…we’ll have an update on EQT over the weekend for BMR Pro and Gold subscribers..
Garibaldi Resources Corp. (GGI, TSX-V) Update
Meet the man (pictured below) behind yesterday’s Garibaldi Resources‘ (GGI, TSX-V) news regarding the outlining of multiple targets over an overburden-covered 25 sq. km area of Grizzly Central where GGI believes it has an excellent chance for a new drilling discovery in the coming weeks in the prolific Sheslay district…Charlie Greig, M.Sc. P. Geo., is highly respected in the B.C. geological community and has been a senior geologist with Pretium Resources (PVG, TSX) for the last several years…below, he’s pictured on Pretium’s Brucejack Project, south of the Sheslay district, which is now being developed as one of the world’s highest-grade underground Gold mines…
Geologist Charlie Greig on Pretium’s Brucejack Project.
“The data compilation and interpretation from Charlie and his team have been instrumental in taking us to the stage now where we have a legitimate chance very quickly of making an important new drilling discovery in the Sheslay district,” GGI President and CEO Steve Regoci told us in a lengthy interview following the company’s news late yesterday (more from that interview with Regoci by Monday).
“We are extremely excited with how our upcoming drill program is shaping up,” Regoci stated. “The crews we have on the ground now, they’re passionate. A key part of our success to date has been to always surround ourselves with people that aren’t just looking for a paycheck, they’re passionate about what they do. We’re just lucky to have access to these kind of individuals. They’re young, aggressive, just bulls on the ground, working toward helping us find the next discovery which they want to be involved with.”
Keep in mind, Doubleview Capital’s (DBV, TSX-V) Hat discovery originally reported in early 2014 was the second in this emerging district – 10 km on trend from the Star porphyries – validating the theory that there’s likely much more to be found along a minimum 30 km long mineralized corridor in this district…historically, it was the lack of outcrop in the heavily forested Grizzly Central area that discouraged prospectors…modern technology has changed everything, and – ironically and speculatively – this low-relief part of the district could host the richest mineralization and the biggest deposit (or deposits)…
There’s a reason why the Association For Mineral Exploration British Columbia (AME BC) calls the Sheslay district “the #1 greenfield project in B.C.”, and the coming weeks could back that statement up in a major way as Grizzly Central is drill-tested for the first time ever while Doubleview makes preparations to return to the Hat discovery to the east…
GGI 2.5-Year Weekly Chart
Technically, the pattern with GGI has turned bullish following the RSI(14) and price breakouts above downtrend lines in place since early this year as you can see on this 2.5-year weekly chart…John has examined countless individual company charts on the Venture, and this is clearly one of the most promising going into the end of this month and entering Q4…some investors prefer “chasing” stocks, and they wonder why they aren’t more successful in their trading…the smart money jumps in before the chase…
Also note how the 50-day SMA is now just beginning to reverse to the upside – that’s almost always an ideal time for accumulation, and another signal of building strength…
GGI is off a penny at 8.5 cents as of 8:45 am Pacific…
Discovery Ventures (DVN, TSX-V) Update
People make the difference…Discovery Ventures‘ (DVN, TSX-V) new CEO Dan Omeniuk is a Winnipeg entrepreneur who has built a very successful trucking business…his decision recently to step into DVN and also provide significant funding for the company has been a “game changing” development, in our view, so some good things could be in store here…
DVN, off a penny at 15.5 cents as of 8:45 am Pacific, has had a strong week, and this updated chart shows new support at the 15-cent level…
Note: John and Jon both hold share positions in EQT and GGI. Jon also holds a share position in DBV.
Wondering if anyone on this board has realized that EQT trade float has totally turned over at a price of .15 or higher as of the volume right now. Guess that means there is a run coming. People are hungry for money.
Comment by dave — September 18, 2015 @ 9:49 am
the americans getting in on ggi.
Comment by tony T — September 18, 2015 @ 11:01 am
Ggi’s weekly chart is looking pretty sweet. Mac D, Chaikin money flow, parabolic sar, RSI and ADX Line all looking bullish 🙂
Comment by tony T — September 18, 2015 @ 11:25 am
Hi Dave,
In your latest EQT report you reported:
A section of not 10k siemens, but also 25,000 siemens within expected range for pro dominated nickel sulfides is reported on the property.
Correct me if I am wrong because I can’t seem to find it, but did you not mention a few weeks back that in the initial Voisey discovery the readings were approx 2000 siemens or less? I mean Voisey was one heck of a lot lower reading then what EQT is getting now and I hope everyone catches the significance of this.
I have my happy face on..LOL
Comment by Jamie — September 18, 2015 @ 11:42 am
Oh, its a great weekend. EQT, GGI, $$$$$$$$$$$$$$$$
Comment by dave — September 18, 2015 @ 12:04 pm
Dave, your post this morning on EQT is worth a repost. Here it is. Thank you for the info. As you said, read between the lines.
EQT – This is Hardy talking last night before 80 people in a ballroom in Toronto. The group was made up of investors, brokers, and investment fund managers.
The picture on Twitter that was posted IS on their property. It is Proterozoic Paragneiss Raft in Diorite along with a Gabbro fragment in granite. A diorite breccia packed with fragments of paragneiss and a pic of the western deeps chamber Troctolite Rafts have all been reported and on twitter.
A section of not 10k siemens, but also 25,000 siemens within expected range for pro dominated nickel sulfides is reported on the property.
Newly identified conductivity at depths in accord with on going ground exploration are painting the model. More to be released about the ground mag reading are defining some spectacular things which is why our crew was dancing in the streets a couple weeks ago.
I leave for Australia tomorrow to meet with a company who desires involvement with EQT.
I remember reading that one article a while back about that multi billion dollar company who was starved for a nickel play. I can only gather it is this company.
The question was asked about a drill date and Hardy would not commit but did say we are fine tuning the sites and it will be soon.
EQT – sorry forgot one thing he said.
Earlier in an interview with Jon, he said that if they hit that they would be drilling all winter long.
Last night he said: We WILL be drilling all winter long.
You can read between the lines there.
Comment by Dan1 — September 18, 2015 @ 12:25 pm
Jon, whats your take on WRR?
For a company that’s about to start drilling 6 high grade gold targets, the stock is having a hard time breaking through .03.
How does the chart look like in your opinion? Picked up 75,000 more today at .025.
Your thoughts Sir Jon?
Comment by Jeff — September 18, 2015 @ 4:07 pm
” this low-relief part of the district could host the richest mineralization ”
Jon could you expand on that, did you go through that with Regoci. What about grade of grab or visual of this 25 sq km. Did they do some new trenching?
Comment by Martin — September 18, 2015 @ 4:49 pm
Dan, agree, definitely worth a repost. Thanks for your continuing updates on EQT dave, they are much appreciated. I am currently reading the Big Score as per your recommendation, very interesting. It didn’t take the geologists long to figure out they were on to something. It’s also quite interesting as you said that HiHo silver is bragging about acquiring property close to Equitas when not even one hole has been drilled yet by Equitas. That tells you something.
Comment by Danny — September 18, 2015 @ 5:01 pm
“Not just to hit mineralization and grade, but the “sweet spot” in his exact words. They really believe they have the structures at Grizzly Central which have created some enormous fluid pathways”
And he seems confident with this statement?
Comment by Martin — September 18, 2015 @ 5:03 pm
Danny, not just HHS getting ground around EQT. ASC and SRK also and I am hearing some more coming. The 8 different companies made a major mistake by not exploring this property at deeper depths and just riding the coat tails of Voisey for share price appreciation so the CEO’s could sell their shares into a higher price. Of, coarse I don’t think the VTEM was available at that time. I think they came out with VTEM around 2008 I believe.
But, they missed surface findings none the less. There are events going on with the company that are totally silent right now, but mind boggling. To say that EQT does not see the .50 range here in October would be an understatement. HOLD your core position. Trade your non- core as you see fit.
Comment by dave — September 19, 2015 @ 6:15 am
Summer is over Chad Day has got what he wanted, no drilling during the summer, will happen in the fall? Steve Regoci said, the end of the summer will be very exciting ???? How much longer for Sheslay drilling ????
Comment by Guy Delisle — September 19, 2015 @ 8:04 am
Guy, do you really think Chad Day got what he wanted? This young man had no idea what he stepped into beginning with his letter May 21.
Here’s what Chad Dad wanted: An expanded Shared Decision Making Agreement (SDM) with a land use component with the provincial government. He took British Columbia’s #1 greenfield project “hostage” in order to speed up that process. He now has a court date with other potential serious fallout from his actions. This “circus” has hurt the Tahltan brand and infuriated provincial government officials, and others – including some within his own ranks. No new SDM to show for all of this.
His actions have brought attention to the Land Use Plan which is an historic agreement, co-managed between a First Nations group and the provincial government, and adds value and certainty for Doubleview, Garibaldi and others in the district.
The drills will be turning shortly, first at the Grizzly, and then the Hat soon after IMHO.
Comment by Jon - BMR — September 19, 2015 @ 8:49 am
Martin, how did you come up that WRR has only an 8,000,000 public float? I’m surprised that we’re still trading at .025 with drilling scheduled this week.
Jon, did you post the WRR chart that you mentioned in a recent post?
Comment by Jeff — September 19, 2015 @ 9:22 am
The court decision I’m hoping will be at months end , I’m anticipating it will be in DBV ‘s favour which will put GGI and DBV in an excellerated mode in their drilling. If the court decision is not in our favour I really don’t now what to expect .
Comment by Les — September 19, 2015 @ 9:25 am
Les, GGI is not waiting for a DBV court injunction to drill the Grizzly. However, a favorable outcome for DBV, which I anticipate, will be great for DBV, and helpful to the district as a whole as you point out. In reality, DBV doesn’t need to get this injunction in order to resume drilling, but a favorable outcome will give them the maximum comfort and protection.
Comment by Jon - BMR — September 19, 2015 @ 9:48 am
I would not be surprised if the drills were turning at the Grizzly by the end of the week. I think they will use more than 1 to get the job done quickly.
Comment by Tom UK — September 19, 2015 @ 10:11 am
Wrr, I spoke with Michel David this week Michel is a geologist it is not a promoter, He is very confident about result and be sure the result push the price at the top
Check the grade on the website…..for mining at the beginning in 1914 the grade was better than 30 ounces per tons !
Comment by Guy Delisle — September 19, 2015 @ 10:33 am
Jon I’m surprise that GGI is not waiting for a DBV court injunction for drilling !
Comment by Guy Delisle — September 19, 2015 @ 10:36 am
Why would they wait, Guy? They have no reason to wait, and plenty of reasons to move fwd quickly.
Comment by Jon - BMR — September 19, 2015 @ 11:10 am
Jeff, shares are tightly held, about 8 available in free market. Other are friend, relative who are long on this one, that was is word.
Comment by Martin — September 19, 2015 @ 11:30 am
Martin, hope your right but with 51 million plus outstanding, its hard to believe that only 8 million are in the public hands.
At any rate, that last trade on Friday for 75,000 @ .025 was mine. Hopefully we break through that block at .03 and move much higher this week when drilling starts.
Comment by Jeff — September 19, 2015 @ 11:54 am
One downside to WRR right now is they have 40 million warrants out right now and available to be free traded. I have always been high on this play because of the land position, but I have grown weary of management. I will wait to see results of drilling and keep my eye on how those warrants are being soaked up, then maybe nibble at it a bit.
Comment by dave — September 19, 2015 @ 11:54 am
Because Regoci is not able to put a date for the beginning of the drilling only said very quickly ???
Comment by Guy Delisle — September 19, 2015 @ 12:11 pm
Plus dbv could get a good amount of money for damages in the lawsuit.
Comment by Sameer — September 19, 2015 @ 12:19 pm
Yes I have seen that Steve, and some anonymous selling to. Raising money in these kind of market is pretty challenging but he told me their partner are solid cash wise. Is goal is not to have just one round of drilling but to keep to drill turning for many months. So we are just at the beginning of this story. Could be a pretty big one!
Comment by Martin — September 19, 2015 @ 12:43 pm
Has Equitas put an exact date on when they’re going to start drilling, Guy? No, they haven’t, but we know it’s right around the corner. Same with GGI. In the case of GGI, timing of their drilling has nothing to do with the DBV injunction (they’ve had their crews on the ground, uninterrupted, for more than a month). They are “moving aggressively toward drilling”, as their news stated, and the crews are on the ground to complete the last steps necessary to provide the data that will allow the geologists and geophysicists to pinpoint the best location for the first round of drill holes to hit the “sweet” spot that they hope to hit.
We also know this: GGI must COMPLETE its initial round of drilling within the next 30-40 days, given their current camp set-up. If they hit, and there’s a darn good chance they will if you just look at the historical drill hole success ratio in the district, they’ll have the opportunity to quickly winterize their camp and drill to their hearts’ content ’til Christmas and through the winter. In the case of Grizzly Central, given some of the boggy areas, it can actually be easier to drill there during the winter.
Comment by Jon - BMR — September 19, 2015 @ 12:44 pm
Dave, sorry you lost me regarding WRR 40 million warrants, are they free trading? Explain please?
Thanks
Comment by Jeff — September 19, 2015 @ 12:54 pm
i don’t see 40M warrants on WRR? i see 3M from the last financing and, 7.5M from the placement before. My take is that this is just about ready to go! Warrants can help bring in more money,etc. Anyways, the offers are very light after the one big offer which came down to 2.5 cents. I think most of the stock appears to be in very good hands, so, it can move. we are getting close from what i can tell. 2 is/was the bottom before the drilling, results,etc start rolling soon!
Comment by STEVEN1 — September 19, 2015 @ 1:37 pm
WRR on April 15 23,790,000 warrants last PP closed april 14 !
Comment by Guy Delisle — September 19, 2015 @ 1:38 pm
WRR doesn’t need to worry about raising money as its all paid for now!
Comment by STEVEN1 — September 19, 2015 @ 1:38 pm
Jeff, yes the warrants became free trading end of August. Go to their Sedar M/A. on WRR
I agree with Jon on GGI. They do not have to wait for DBV. The law suit with DBV vs. Chad Day has probably accelerated GGI decision to go forth, because Chad Day is NOT going to want to step in on GGI to try and stop them now.
I believe GGI and EQT will be drilling very shortly, and no I am not going to try to guess which one comes first. Both are any time now.
Both will make you money on the news of the start of drilling.
Both should be owned in my opinion as Jon and many smart investors do. Split your monies into both and which ever one takes off first you can then sell and put more in the other one.
I’m normally not one to give this kind of advice, but it doesn’t take a rocket scientist to know that GGI and EQT are both going UP! very soon.
I feel that some on this board don’t realize the importance of owning both.
Comment by dave — September 19, 2015 @ 1:48 pm
Guy – there were 14 million warrants on another financing just prior to the 23 million warrants you posted. I could be wrong but it looks like 40 million to me. I did look at it quick though. That is a lot of overhang, even if its only 23 million out on WRR.
It will probably go up, but not a lot unless their assays are good. They are not exactly what you call in the limelight right now. There are not a lot of eyes on WRR like there are on GGI and EQT.
Follow the money.
Comment by dave — September 19, 2015 @ 1:53 pm
STEVEN1 – It’s not just about the raising of money. Its also about the warrants being exercised when the share price gets in the money and holding the share price down and keeping it from running. Their assays would have to knock the socks off the market to keep it running if warrants start going through. This is part of the talk about EQT is the warrants are on a 4 month hold now with these 2 PP’s and there is nothing to hold the share price down.
Comment by dave — September 19, 2015 @ 1:59 pm
WRR – I just checked Sedar M/A again. It’s all right there. They have 14.9 million warrants from the PP anounced in December that closed on 03-04-15.
They have 25.4 million warrants from the PP that closed on 04-27-15.
I remember someone on this board mentioning that Michal had told him that there was some overhang on the stock. I don’t remember who the poster was though. Anyway, these things should be considered before entering stocks.
EQT has 5 million from a previous financing before these recent 2 PP’s. But the difference is the trading volume. The interest in EQT and the 2 to 3 million shares coming through a day and those warrants are gone without affecting the share price. I imagine some of them were exercised already and will be announced soon. The rest from these recent 2 PP’s don’t become free trading till the middle of December. EQT could be near a dollar or in the dollars by then. It won’t affect the share price.
Comment by dave — September 19, 2015 @ 2:19 pm
Martin – there are much much more than 8 million shares in free trading on WRR – WHERE are you possibly getting this from??
Comment by dave — September 19, 2015 @ 2:27 pm
He says it’s tightly held Dave. 8 millions share is the amount of share he don’t know who they belong to. The rest are friend relative that are long on this one. That was is word. What does it worth? I don’t know some anonymous sell since the last PR.
Comment by Martin — September 19, 2015 @ 2:48 pm
Gentlemen, what’s your take on PE? Has it had its run? Book profits and buy GGI? Just curious if you think pe can still run back to a buck short term
Cheers
Comment by Phil — September 19, 2015 @ 2:51 pm
Dave I don’t see other warrant after April 14 ????
Comment by Guy Delisle — September 19, 2015 @ 3:27 pm
!4 millions warrant on February 28 and 25 millions on April 27 You probably add ?
Comment by Guy Delisle — September 19, 2015 @ 3:39 pm
Martin, trust me there’s lot more then 8 million shares in the public float. What he probably meant was that he knows of 8 million tightly tended.
At any rate, it won’t matter because this will go much higher with revenge results.
Dave, still don’t know how you came up with 40,000,000 outstanding warrants.
GLTA!!
Comment by Jeff — September 19, 2015 @ 4:14 pm
Phil, as per John’s chart for Pro and Gold subscribers on Wednesday after the 80-cent close, some technical “exhaustion” set in on PE when it took its run to a high of $1.03 Wednesday following the halt and the news regarding Tesla. The gap up, the very high volume and intra-day reversal helped confirm that. We expressed some concerns regarding the overbought technical conditions in the mid-to-upper 70’s, and then it blasted even higher temporarily (following the news) to become even more overbought. Exhaustion and profit taking set in. We’ll have an updated chart Monday.
It’s really critical to look at these charts closely and discern the support and resistance areas, and when extreme overbought or oversold conditions ensue. PE has a lot going for it, fundamentally and technically from a longer-term perspective, but the immediate issue is the need for further consolidation to unwind the still overbought RSI(14) state on John’s 2.5-year weekly. There are clear areas of support.
One strategy to consider when you’re in the volatile speculative market is to have a core position and a trading position in your favorite plays. Many good reasons for holding a core position in PE. But if you have a trading position as well, you can take advantage of the swings. I believe PE is going to have a great finish to the year but let it “unwind” for a little, which it needs to do technically to set the stage for the next advance, and take advantage of any special opportunities that could arise (consolidation can also be sideways action for a while, by saying “consolidation” we’re not necessarily implying a big drop in the share price from where it is now).
Comment by Jon - BMR — September 19, 2015 @ 4:19 pm
Martin, Guy, check Sedar M/A . it’s all there in black and white. I was very high on this one because of the land package. I sold after that April PP because of the warrants.
Comment by dave — September 19, 2015 @ 5:19 pm
Jeff is probably correct, what Michal meant was there are 8 million held as insiders. That leaves 43 million to trade.
Comment by dave — September 19, 2015 @ 5:21 pm
Guy – I probably add?
No matter what calculator you use. 14.9 plus 25 = 39.9 (round it to 40 million).
Comment by dave — September 19, 2015 @ 5:24 pm
Ok, on WRR, I mis-read it so its my bad. They had 14+ million as of Feb. 28 and now have 25.4 million warrants outstanding. That sounds a little better anyway.
Comment by dave — September 19, 2015 @ 5:50 pm
No, he told me 8 millions share was I hand off people he don’t know. Anyway, Dave, like your statement ”follow the money” 🙂
Comment by Martin — September 19, 2015 @ 5:55 pm
And these warrant are exercisable at?
Comment by Martin — September 19, 2015 @ 6:10 pm
Exactly Dave !
Comment by Guy Delisle — September 19, 2015 @ 6:15 pm
Each full warrant will entitle the holder to purchase one additional common share of the company at a price of five cents
Comment by Martin — September 19, 2015 @ 6:27 pm
Martin – all warrants on WRR are at .05. So any price above that and they are in the money.
Comment by dave — September 19, 2015 @ 6:38 pm
Dave, I don’t think its going to matter much if there’s 25 million or 40 million warrants outstanding, this stock will fly if they hit decent results on the first 6 HIGH GRADE gold targets.
Drilling starts next week.
Comment by Jeff — September 19, 2015 @ 7:29 pm
Jeff – 25 million is a heavy load to bear.
Comment by dave — September 19, 2015 @ 11:37 pm
WRR The grade should be very strong, with good length warrants were not a problem.
Comment by Guy Delisle — September 20, 2015 @ 4:45 am
WRR- I think there has been too much time wasted on number of warrants. Yes, 25 million is a lot but the right news will quickly take that away….plus we don’t know in whose hands those are. If they are in strong hands they won’t all be immediately dumped once in the money as they still have plenty of time to exercise them and they won’t be in a hurry. Many of the warrants are exercisable at .05 so they would only be exercised at a much higher price……exercising them at .06 in this current illiquid market would be dangerous and they could actually end up selling at a loss due to lack of bids/volume to sell to. Worse case scenario……they find something good but the exercising of warrants holds down the run at .10…….its a 400% return and the company’s market cap is only approx. 5 million in mining friendly Nevada! Would anyone be upset with a return of 400% in this market in a short amount of time? If so, then there are plenty of other stocks to chose from.
Drilling to start and with a market cap of only approx. $1 million and trading at .025 its worth the risk………I recently took a position. A broker that I know at Canaccord which is “well connected” in the sector likes WRR and its chances. His office is just a few blocks down from Michael……
We know the property has a lot of potential and the drill starts turning next week……..
Comment by DDD4 — September 20, 2015 @ 4:56 am