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: "Expanding the scope of the program"?
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Jun 25, 2009 05:06PM
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Jun 26, 2009 10:17AM

Long posts like that I like, very good discussion.

"It seems to me that two obvious ways to expand the program now are to core deeper at L1 , or to add additional areas to the charge to Micon based on exploratory cores. We haven't seen any results of exploratory cores, so there is not much for us to go on there."

I seem to remember most of the last stuff we saw released being extension holes that looked pretty good imho. Yet the last filings talk about a wind down for drilling activity at Langmuir and a switch to now looking at the extensive data that has been collected to date. The next focus in exploration was Cleaver/Douglas.

When reading your post I have to think to myself, hey at what point is enough enough? LOL it's like having ISM simply do infill and definition drilling until the money is tapped out. Randy Miller obviously felt that last may 08 was a good time to put Micon on the job. As you say maybe there more going on since. Maybe Micon runs the show from here on in? I don't know and can only hazard a guess about what those dynamics may be under such a commissioning. I do like that when it comes to doing this job they're at the top of the list. As such you would hope these guys are a guiding light when it comes to proving up the goods. We do read that the NR explains the task will be taken on in stages. Where we are at is anybody's guess. The neat part about a downturn in this industry means that turnaround in the labs and possibly even Micon's HQ should be lessened with possible lulls brought on by the wind down.

That re-assaying of nearly 10,000 pulps is definitely a job and a half.

In the end, I think we are going to see Nickel appreciate up to that magic point as you say where the cheaper substitutes may look viable again. Supply and demand.

Anyone sitting on an idle mill or smelter will definitely want to be on top of their game to take advantage of higher nickel prices. Sub $5 nickel is behind us.

1
Jul 03, 2009 11:28AM
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