Talked on the phone to Brent of BMK.: posted by visegrip1 on MacDonald Mines Hub
posted on
Feb 14, 2008 04:40PM
Discuss the various junior resource companies within the McFaulds Lake Area
Some folks may not go over all McFaulds Lake HUBs but this post has info that might interest some readers here; and go to visegrip1 post here to recommend his post if it is of any value to you...
http://www.agoracom.com/ir/MacDonald/messages/729138#message
here is his post
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I had a good conversation with Brent today. He was very friendly and up beat.
Asked him the following questions:
How long before the assay results are released?
The short answer was 2 to 3 weeks. We BMK are not getting special treatment neither is any one else. They are expecting some results from September and December core samples.
Addressed with him directly some of the public perception that, BMK management is not releasing timely results.
He again re-iterated that the labs are backed up. He said that they would love to get results out faster, they themselves would like to get faster results, and if they did they would release them as fast as they could.
Does Mr. K McKinnon of BMK and Mr. R Nemis of NOT have a good relationship?
He chuckled a bit and said, in deed they do. They are competitors, but it is a healthy and friendly relationship. He concluded in saying that they do after all have a mutual interest in the area, and if one hits they are jointly proving up the resource.
He told me that there are going to be 10 to 15 drills (wasn’t sure of the exact number) between all the companies and there is going to be an unprecedented amount of activity in the area. That in it self should tell us something. We, BMK will have 2 drills there our selves.
I asked him why FNC would not be drilling since they have such a close proximity to DE-1?
He told me, that should be obvious why. They have a very small area and if they hit that would be good, if they don’t? They would be out of the play, since, unlike BMK, who has a huge area and some excellent targets to select from, FNC do not.
I questioned him on the fact that the PP they had negotiated in May of 2007 at 0.10$ and again at 0.40 which was announced in Aug 2007 might not have been in the best interest of the retail share holders.
He confirmed what I had posted a while back, and that is: They are an exploration company, they need to raise funds to operate and try very hard to be efficient with the money they raise. At the time those funds were negotiated in 2007, there was no DE-1 discovery to indicate the potential of Mc Faulds Lake area. Noront initially dedicated $400K only, to hit two drill holes, after BMK had negotiated the PP. They ( NOT) got lucky on the first hit.
He said that the (BMK) negotiations for the PP with Mr. McEwen et al, had started back in May or so and closed in Aug 2007, these negotiations take time.He also added that the mere fact that such savvy investers have placed money here, should tell us something. They don't just throw money at us.
He asked if I had any more questions and we signed off.
I believe that the area has great potential and BMK has excellent land position. The drills will be turning and the proof will be there, just a matter of time. I am holding on to my shares.
All the best…Geo