Every house on the street is writing up a research report on this play. Rumours of a major discovery by Placer Dome.
Companies: Placer Dome PDG Victoria Resources VIT White Knight WKR J-Pacific JPN NDT Ventures NDE Miranda Gold MAD Coral Gold CLH
Not all of these stock are near Cortez Hills, but all are in Nevada, and should benefit. Yesterday, Victoria announced drill results of 25 metres of 10g/ton gold. VIT up .31 at $1.79 on big volume.
This is a real area play, it is not huge like Dia Met, but it is good to follow as a learning experience. I do not own any of these stocks yet. This just shows how quickly things can happen in this game. Nevada is one of the most explored areas of the planet, and they are still finding major discoveries.
[This message has been edited by northernprophet (edited July 03, 2004).]
Np, do you feel that this play still has a lot of upside potential? I am holding some "free shares" in NDE so I would love to know what your thoughts are, any entry points? Like I said, the run ups scare me away from entry points...Scared to catch falling daggers, but I breath the air of a newb
Posted by northernprophet on :
I have yet to buy any, the hype is pretty big. Kaiser is on this and saying that Victoria has a $2 billion dream valuation.And all the houses are writing this play up. I am just watching right now. A couple of bad drill holes will bring this play down in a hurry. Also, I would like to see some more volume on VIT. 3-4 million shares on up days. Also, if this play does hit, it will be a positive for the junior resource sector so any juniors you own will be helped by the new money coming into the sector. My advice is to sit tight. Like I said this is a good learning experience.