Bob Moriarty of 321 Gold provides an update on BonTerra Resources after the release of high-grade drill results.
I went to an ice hockey game once in Vancouver. That was enough for me. My host kept telling me what was going on but I understood about as much about ice hockey at the end of the match as I do about cricket. Though I was told as a young man that if I ever wanted to chat with a pretty English or Australian girl, just ask about the rules of cricket. They can go on for hours and you get the benefit of attention from a pretty girl.
I came across a quote from Wayne Gretzky that seems to me to pertain perfectly to investing in mining stocks. I’m told every ice hockey fan knows just who he is. Reportedly he said, “I skate to where the puck is going to be, not where it has been.”
I may be dense or something but isn’t that exactly the point? You want to be where things are going to be, not where they were. But I have heard a lot of moaning from investors who invest using their rear view mirror instead of looking forward.
I wrote about BonTerra Resources Inc. (BTR:TSX.V, BONXF: US, 9BR:FSE) back in September. The shares were $0.405 apiece back then and BonTerra was embarking on an aggressive drill campaign on their Gladiator project in Quebec the same time as gold was embarking on an aggressive correction.
BonTerra hit bonanza numbers including 70.0 grams over 5.5 meters in hole 39 and 12.4 g/t gold over 4.0 meters in hole 38. Those are brilliant results and extended the strike length by 250 meters to 1200 meters and extended the depth from 200 meters to 650 …read more