Gold Standard On Track
I’ve written about Gold Standard Ventures a lot. The last time I visited them and wrote about them was last May. You should read the piece, especially given the latest results. I did do a good job of pointing out that they are well cashed up and continue to expand the district. In any rational market the shares would be a substantial multiple of where they are today.
On November 4th of this year they released what might be considered obscene results, 149.4 meters of 1.38 g/t gold 540 meters north of the initial 375,000 inferred resource at Dark Star. That’s oxide material, the rock most desired in Nevada. The stock popped up from $.52 to $.63 before coming back to earth.
Then, a week later, they released another blistering set of results, an even more impressive 157 meters of 1.51 g/t gold. All oxide, again. With these incredible results the stock popped from $.62 to $.89 for almost a 50% rocket. But then it dropped back and now sits about where it was last May. This market has no logic to it. GSV is doing everything they promised. They picked up the Dark Star deposit for $.50 an ounce. Drilling is adding ounces, minable ounces for about $1 an ounce. And they get no respect.
This is what you can expect at a major, major bottom. The best companies in the industry come up with mouth watering holes and the stock barely lifts a finger in response.
Gold may go lower, tons of people are predicting it. But I suspect that those cherry picking the beaten up juniors at present are going to see their investments go a lot higher when gold catches a bid.
The dollar looks a lot like it wants to touch the April highs one last time before crashing. Silver, gold, platinum and palladium all act as if it’s time to buck the trend and go a lot higher. The markets do whatever they need to do to surprise the largest number of investors.
I like the people at Gold Standard a lot. They are moving the project forward regardless of the hurdles put in their way when most of the industry is huddled up in a corner whining about how bad things are. Gold Standard is an advertiser and as always, do your own due diligence.
Gold Standard Ventures