West Timmins Mining WTM (TSX) – Monster Drill Results

by Olivier on June 24, 2009

Actions speak louder than words. Finally a chart I don’t need to comment on. The technical action speaks for itself. I’ve rarely seen these kind of drill results:

WTM Intersects 83.40 Metres (273.55 feet) grading 12.75 g/t (0.37 oz/t) Gold on Thunder Creek Property, Timmins, Ontario.

I am not a geologist and with these kind of numbers I really don’t need to be one. It is obvious they have the goods. These are the best grades I’ve seen in quite a while. Taking out 2.00$ is probably just a matter of time. I am holding my shares.


I am somewhat reluctant to sell UW.V – Underworld Resources as the recent drill results indicate they have decent grades as well. But the name of the game is: Kill your losers. No hard feelings.

I am closely monitoring AVL.TO – Avalon Rare Metals and RES.V – Rare Element Resources. RES.V which is the one with the smaller market capitalization probably offers more bang for your buck but I still feel AVL.TO is the 800 pound gorilla in the Rare Earth sector.

In any case I liked RES.V’s action today. If this sector starts to explode to the upside I will kill my loser and redeploy those funds and probably aggressively add to my AVL.TO position. I might also increase my UXG – US Gold and BXI.V – Bio Extraction positions. Not sure yet.

Avoid strong opinions. Let the charts guide you.

Have a great evening and enjoy those WTM.TO profits 😉

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