Stones,
I have appreciated your posts and agree with your point of view as to the need for a 43- 101 and the necessity for speeding up the process. From the info in your previous posts, I think I have been in ISM about the same length of time as you.
Hopefully Mr. Mann will bring urgency and transparency to ISM, which should help with the impatience and frustation some shareholders have.
With the Dundee dilution I hoped that we would see an increase in activity to expedite the process of deliniation and definition. It seems that before Dundee, ISM was running two drills and releasing results. That seems to still be the case, even though numerous exploration anomalies have been reported on the property.
The slower this process goes, the bigger the percentage of the funds that get burned in overhead instead of going into the ground.
I do not understand why ISM needs to wait until the property is fully cored out to do the Resource Calculation. With all those anomalies and deeper zones, that could take YEARS at the rate they are going. At this point they need to draw some boundaries for L1 and L2North and do the calculations down to the depth cored on each area.
Expansions, deeper zones and new areas can be added as delineated. In this way they can use the 43-101 system to ramp up the SP.
Comparing the recent GCR releases and the LBE release from last week to the sterility of the ISM releases is an interesting contrast. Their releases were more transparent and informative as to what they have and what the companies are doing.
I hope there will be a report at the AGM from the two new consultants regarding their progress and plans.