Second question which imho dovetails off of an interesting statement made in the last NR WRT the AGM. I quote below:
| June 14, 2010 - 1:14 PM EDT |
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"Inspiration Corporate Update
TORONTO, ONTARIO, Jun. 14, 2010 (Marketwire) -- Inspiration Mining Corporation ("Inspiration" or the "Corporation") (TSX:ISM)(FRANKFURT:OI8) would like to congratulate Messieurs Randy Miller, Herb Brugh, James Davis, Ian Stewart and Luke van der Horst on their election as directors at the recent Annual Shareholders' Meeting held on May 21, 2010 (the "Meeting"). The Corporation would also like to congratulate Messieurs Miller and Davis on their appointment as President and Chief Financial Officer, respectively.
As over 39 million common shares (or approximately 54% of the issued and outstanding common shares) were voted at the Meeting, management would like to thank the shareholders for participating in the Meeting and supporting the efforts of management as they continue in their efforts to increase shareholder value through the continued development of the Corporation's Langmuir Property."
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Q) How does this latest drilling plan relate to the corporation's earlier plans to "spin out" Langmuir into a separate entity which was to be called Metal Mines? Have those plans been shelved?
We were about to spin it out earlier in numerous March NR's. Fastforward a couple months and there is "continued development" mentioned in one June NR and then demonstrated today in a Drill program announcement.
