It’s my experience that in mining things seldom happen as scheduled. Add to the mix that ARU is negotiating a complex deal with a Latin American government and I’m not surprised to see the schedule slip some. With the number of stakeholders involved on all sides I’m amazed that it’s moving so fast. Clearly the government wants this to move ahead as fast as it can and is putting considerable effort into making it happen. Personally I’d be happy if it took to September.

I know every one is getting antsy but the longer this goes on the better it is for us. Every day means more infill drilling, a chance to hit the faulted zone, another hole in a regional bonanza target, meters of deep drilling, permitting, a ramp started, resources shifting to reserves, a new 43-101, a scoping study, and time for gold to run up. Genuity has already stated that we are likely to get $100 to $150 million for the exploration potential of the property whereas we will get a minimum of $150/oz that we drill.

Do you think there is potential for more than another 1,000,000 ounces in FDN? The fault zone? Along strike? In the regional targets? Everything we do between now and the take out will be taken into account in the majors’ bids. After all we have been through in this play I’ll put up with a month or two more if it means more $ in my pocket.

… Been There