Re: what we know
in response to
by
posted on
Jul 07, 2013 04:33PM
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It appears they drilled into only one of the two main anomolies.Probably the West.The distances between the North and the West are at least a kilometer and a half,so 8oo meters wouldn't have entered the second anomoly,imo.
Why they put 5 holes in a spot they weren't hitting anything is an interesting question.2-3 holes,I could see.But once they kept missing they should have regrouped and tried to figure that one out.
As for hole #6,I doubt that they planned to chance hitting the edge of an anomoly,instead of going to the middle with their last shot in this drill program.If they missed again,that would've knocked the share price down to .04-.05 in a heartbeat.Look at VVN.We would've been trying to raise cash on 6 dry holes.Who's going to invest in that,except at .02-.03...maybe.
They got lucky and hit on #6.Now it'll be interesting to see if these guys can play this for all it's worth and put one PR out after another in blitzkrieg fashion,detailing the story of #6,PP,IP SURVEY,and drilling,one after another in a very short time space.
A lack of ability in promoting their plays has ruined many companies' programs and relegated them to the scrapheap.
Let's hope Farshad has this all lined up properly,and gets the most out of hole #6.
We have to stay ahead of Prosper Gold,because they have the experience,they'll have the cash,and they have the property to get all the news up here.If we drill first in the centre of the anomoly,and we hit big,our share price could be the one getting all the atttention.