Review of recently acquired 100% owned Grace Project demonstrates significant
high grade intersections and multiple IP anomalies along the regional Grace-Bemms
Shear.
Historic intersections from prior drilling include:
10.0m at 20.95 g/t gold and 0.25% copper from 6.0m GPB0801
33.0m at 1.55 g/t gold and 0.05% copper from 53.0m GR124502
12.0m at 14.38 g/t gold from 56.0m GR037
10 metres at 20.95 g/t gold is very high grade, and this is not just sampling, it's actual historic intersections.
So this price has been smashed to well and truely set up insiders, who had the info of when they will be proving up the resource. It's as simple as that.
I recall as the price kept going down, I kept on going over the details of their assets and thought this can't go lower on FA. And it did. More dumping by insiders, all knowing that they would pick it up a lot cheaper at the CR level, which they would have known about.
Put it down to another lesson learnt.
Knowing what we know now, these are the opportunities to seek out in the market at these bottomed out levels,(not at the level I bought in at!) with high grade targets to drill and insiders all sold out and reset at the bottom.
