Tuesday, August 19, 2014

Let's check in on Seafield Resources


So let's check in on how Seafield Resources is doing:


Ermagerd! Seafield is now selling for a shiny new hapenny bit!

But I don't get it! A junior mining analyst once said all these amazing things about Seafield:

The Gold Report:

This is a story with great geology. It has continuous excellent intercepts since its announcement of 449m of 1.25 g/t in December 2010.
and
Seafield has an NI 43-101 coming and the drill results are great.

Or how about this from Mining.com:

Seafield Resources Ltd. (TSX.V:SFF) yesterday announced a stunning drill hole result: 449 metres grading 1.29 grams per tonne of gold. With this intercept, which included a 23.95 metre segment grading 9.18 gram per tonne gold, there is absolutely no doubt that the Miraflores deposit is going to be a home run.

When the market opens later this morning, any shares you can get under a dollar will likely be ten-bagger potential, as with a few more drills holes like this one, and you’ve got Ventana 2 on your hands. (Ventana is currently the subject of a buyout offer by Brazil’s EBX Gruoup for $1.5 Billion.)

[...]

It might be tough to get shares at under a dollar when the stock opens up later this morning – you can count on substantial and ferocious demand for these shares. But with such a big intercept, there’s no doubt there is more where that came from.

Grab all you can with both hands.

Or how about this from Marketwired:

Following a Thursday mid-day halt in trading, Seafield Resources (TSX-V: SFF) soared today, after releasing details of their first three drill holes at their Miraflores property in Columbia. The third hole reported a stunning 449 metres grading 1.29 grams per tonne of gold, including a 23.95 metre segment grading 9.18 grams per tonne gold.

Based on these drill results, James West, publisher of the Midas Letter (www.midasletter.com), had a buy alert out to his subscribers before the opening today, calling this deposit a home run.

"When the market opens later this morning, any shares you can get under a dollar will likely be ten-bagger potential, as with a few more drill holes like this one, and you've got Ventana 2 on your hands", stated James West.

[...]

"You can count on substantial and ferocious demand for these shares. But with such a big intercept, there's no doubt there is more where that came from", stated Mr. West.

Should we still buy all the shares that we can? I mean, if this was a ten-bagger at a dollar, that makes it a... a... a thousand-bagger today! And that's a lot of bags! Amirite? Amirite?

I'm waiting for guidance! Tell me, mister junior mining analyst!


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