Trident Delivers. Trident Shines. Trident Amazes
Contributed Opinion

1. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Trident Resources Corp. 
2. Bob Moriarty: I, or members of my immediate household or family, own securities of: Trident Resources Corp. My company has a financial relationship with: Trident Resources Corp. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.
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Merely a fortnight ago, I wrote about a fledgling company named Trident Resources Corp. (ROCK:TSXV; TRDTF:OTCMKTS). At that juncture, they broadcast an interval of 7.03 grams across 43.25 meters, equating to a value of 304 gram-meters. Anything surpassing 100 gram-meters signifies a triumph. Anything eclipsing 300 gram-meters indicates a mine in the making.

When they proclaimed their revelation two weeks prior, the equities catapulted upwards by over 100% on the intraday pinnacle. Subsequently, it has vacillated between CA$1.32 and CA$2.10 before alighting at CA$1.43 last Friday.

The corporation orchestrated a webinar the previous week. They proclaimed they would unveil an updated MRE preceding the New Year. On November 24, they overachieved, augmenting total gold to precisely 2 million ounces. That encompasses 896,500 gold ounces in the indicated category and an incremental 1,129,600 ounces in inferred. That's 166% of the historic resource of an aggregate 1.2 million ounces.

One of the actions they undertook that resonated immensely with me was modernizing the historic figures to mirror a more sensible price of gold. With spot gold sustaining over US$4,000 an ounce, it plainly doesn't compute to employ the antiquated historic values of US$1,500 and US$1,700 for gold. Both those numbers are in USD, as is the fresh value of US$2,600 for gold in the revised MRE.

Trust it or not, that's genuinely not the most momentous intelligence in the press release. This year's agenda of 19 holes has solely had three holes divulged. That leaves an additional 16 more as a delightful holiday gift to anticipate. I hypothesize the corporation will persist in pummeling investors with favorable news until they awaken and inhale the fragrance of the roses.

As of last Friday, ROCK possessed a market cap of a mere CA$45 million, notwithstanding having a high-grade 2 million gold ounce resource and CA$12 million in cash and shares in the vault.

That's not solely affordable.

That's preposterous.