We talked about Knight when it was 32 cents and it was featured as GoldMa’s technical chart of the week on July 2nd (http://goldmau.com/weeklychartjuly2.php). Since then, Knight has more than doubled in price with 30 meters of 1% Nickel. This is nothing new as we knew from previous drilling in 2005.
Malcolm Bucholtz, analyst for The Market Traders, just issued a report on Knight. I recommend you take a look, the report can be accessed here: http://www.goldmau.com/07_07_30_Bucholtz_KNP_The_Nickel_Exploration_Story.pdf . Also, Wendell Zerb from Canaccord Adams has made some interesting remarks on the company. You can see the document here: http://www.goldmau.com/REP_Metaland_07312007.pdf. More results are on the way, however at $50 million market capitalization (mind you KNP is still only 1/3 of Golden Chalice Resources’ -GCR.v- 150 million market cap), I would be a bit more cautious in chasing the
stock.
Folks new to CPP should review our special coverage on the stock 2 months ago (http://www.goldmau.com/sub/06_18_07GI.pdf login: gi, password: vancouver). IAMGOLD just made a new discovery south of Quimsachoca, directly east to CPP’s La Shyri claim. I talked to Mr. Patterson on Monday and CPP is still waiting for the drill permit. I like CPP a lot at these prices and wouldn’t wait till permit is secured.
Apogee just broken out of downtrend on heavy volume today (Tuesday). I talked to David Gower CEO last week. They are wrapping up the financing and ready to drill on the exciting Pulacayo project again. Granted the properties are in Bolivia, but at its current market capitalization with about 100 million oz Ag equivalent (20million oz Ag plus zinc and lead), I think the market has overly discounted Apogee’s political risk. Technically the chart looks fantastic.
