Re: ISM Website upgrades and facelift
posted on
May 30, 2009 05:03PM
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.