A gold and base metal company with focus on the Timmins mining camp

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Message: Why ?

Why ?

posted on Jan 14, 2010 11:13AM

Well, it seems that Jens has taken a big bite in the ROF 'apple'. Melkior is still a small company with a significant commitment in the Timmins gold camp which right now is the hottest mining area perhaps in North America. Why would a small company with a 'somewhat' healthy bankroll be spreading themselves thin in a gigantic swamp that has no roads, only helicopters ($$$$) to deliver drills, fuel, drillers, everything. Don't forget that this Monday morning they start Deep Drilling in Timmins ($200 grand per hole !) to hopefully find exactly what their neighbor, the late great West Timmins Mines discovered only months ago. What happened to WTM??, oh ya, Lake Shore Gold took them out rather nicely leaving lots of smiles on the faces of those 'West Tims'.They now have $4.00 LSG stock :-) Why would anyone be looking beyond Timmins with all the positives it holds? Drilling right beside a highway, POG is nuts and getting nuttier, perfect weather-freeze-up for deep drilling, huge anticipation of what the deep drilling will produce, Timmins is 'perfect' right now.

Is it possible that Mr. Hansen is feeling that his future in Timmins is 'uncertain' and that he keeps seeing 'Tony Makuch'(pres. LSG) on his call display?

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