I'm leaning towards Elmer not drilling much. Had the plan been to drill a lot they would be focusing on money. Options were timed for the tax selling so they could get them low. So that doesn't tell us anything. I jest but shouldn't they look up the meaning "vested"? Perhaps they should pay double for the options in light of the FS failure. Oh well, they did give us some good grades. Funny how kids will do the same in school for money.

But back to what's next. Stingy drill plan and annoyed share holders. We all want results and now. I think Elmer has decided to shoot a couple glory holes here and there and that's it. They will do just enough to test things but the main focus is on the FS. Oddly enough, he will have enough drillers on hand should any prove worth going nuts on. I'm thinking this is how he plans to conserve cash and minimize pp needs. Aside from the RE we will be looking at a slow grind peppered with NR's covering the usual range of topics for a deposit at our stage. Around mid July we will get our first tastes of what I expect to be high grade. After that it's a new ball game.

Consider the FS/Teck timing and the likely time for our first results. I would shoot for a string of results right when the Teck clock starts. Mid July to Aug is about right for all the timing. They could report about two holes the first month followed by four holes in the next month followed by 4 more. That's 10 holes all presumably high grade. I don't think he will skirt the edges as we are not in definition mode. In theory we could conclude this in Nov./Dec. Should there be yet another foul up with the FS we can look forward to options next year followed by the same strategy. Barring any more foul ups we'd be sold Nov 2013. Should they screw up again we'll be setting the site up for mining using donkeys. Elmer will be on the lead one. Vette and I will have moved into one of the nearby cave so we won't have to commute to work. Vette will be on the pick and I'll lead the shovel crew. I'm not sure where Yaun Valdez will be.

I think Elmer put the brakes on drilling last year because he knew well in advance that we were headed into FS trouble and there was nothing we could do about it. Not even switching companies helped. All that did was land us squarely in the mud. This time if he comes out with a small drill plan it won't be due to impending FS troubles. You may also hear that the economics are the culprit and Elmer is buying time to try improve the mine plan. That will be BS of course because the right thing to do in that case is drill like a mad man. We have already demonstrated that we are economic. Not blasting to the moon but better than a lot of the other deposits out there. Also, we are not done improving things yet. There is a root below the deposit in the main zone. And, we will find out this summer if the control structure is indeed the main feeder.

One last thing. We skimmed the edge of the control structure. That puts us about 150 meters off the real value. If that assay is any indication of what we can expect... well, you can go figure it out. Look at any other set of holes where we stepped closer to the higher grade. Take that assay and increase it by a double. Also, I know we have seen some heavy gold in our cores. While Elmer minimizes these because he is selling a poly deposit we cannot ignore the trend for bands of metal in concentration. We had 1 meter of gold that would excite most other JRs. We hit some nice thick chunks of moly too. I'm betting the fault is loaded with nice returns at surface and huge returns at depth.