Welcome To The Inspiration Mining HUB On AGORACOM

The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.

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Message: Re: ISM Website upgrades and facelift

May 28, 2009 03:16AM
Blue, as Whaler suggested, older MDnA's clearly stated that there were at one time as many as 5 drills drilling on all their properties. At about $100,000 a pop (less on multi hole drills) $1M per month with other expenses could be realistic for awhile. That latest MDnA states only one rig working on Cleaver/Douglas now. No doubt an attempt to slow down the cash burn rate. With Langmuir exploration now complete it will be interesting to see what they do with all that cash. More property acquistions? Dividend - lol? Who knows what Mr.Miller has up his sleve. The important thing is to not miss seeing the forest because of the trees, as they.
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