MARKET PRESSURE = BUYING OPPORTUNITIES
As predicted on the AGORACOM Blog, it appears we are now moving into capitulation phase and a great opportunity to buy good small-caps that have been thrown out with the bathwater.
Follow AGORACOM commentary on:
"When compared to Adanac, Crowrea is a much smaller deposit."
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Quite true, and no one is disputing that. Larry Reaugh himself in an online interview some time ago (Smartstox) described Crowrea as "a nice little producer".
The thing about Crowrea (and Empress) is the high quality - some of the drill hole returns were incredible:
- .273% MoS 2 over 39 meters in hole#95-03-09 (that's high and that's more than just a couple of feet)
- 3.390% MoS 2 over 4.6 metres in hole#96-14-56
That last one in particular is just insane, when you consider that .04% is typically used as a cutoff (albeit for larger low-grade deposits). Crowrea is indeed a small deposit at present - I think the challenge is to define a resource large enough to justify the economics, that's why they added the HP claims and Empress claims adjoining - and why they're drilling Empress now. IMHO.
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