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Message: Junior NR today boosts SP 500+% - what will GNH do ?

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Re: Junior NR today boosts SP 500+% - what will GNH do ?

posted on Feb 14, 12 03:54PM

"There's no doubt that GTA has some great drill results, and with those veins being close enough to mine open pit, well"

Actually, the results posted for GTA are not that spectacular, and they have done little other than confim historic drilling. They suggest wide sections of economic grades, but in fact there are narrow high grades within wide sections of almost anomalous values.

The biggest factor today was the low amount of tradeable stock out there. They likely turned it all over at least twice within the first three hours.

There is little to campare between the two projects (GTA/GNH), but whatever there is get's distorted by the low share float. But if you look at actual increase in value it gives a bit better comparison. GTA actually increased in value today at it's peak, by about 25 mill dollars. When latest GNH news came out, the actual increase in value for first day's peak trade was about 15 mill. Not a bad compafrison, considering the bad taste left in a lot of investors by previous actions of GNH.

Best regards

K

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