HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: I just spoke with Richard

I just spoke with Richard

posted on Nov 27, 2007 07:33AM

Here's an update for all of us.

I first congratulated him on the big news regarding JP Morgan and he said this was huge news and good for the company.

I asked about the rumours on splitting the company.  He said it's not out of the question. He said the majors are interested in Double Eagle so why give them the rest.  He also said that if the majors are willing to pay $10 for DE we can still keep Windfall and the rest.  So this is a possibility going forth.

On the Windfall property they are still drilling and things are progressing well.  He may issue a news release either today or tomorrow on this.

On Mexico he is waiting for the exchange to give him approval on the  new deal he cut then he can start work on it.

On Hunters Point he is working a new deal for this project. If it doesn't go through he may drop this project.

Burnt Hill is going well and they have 3 drills in place right now.

Lizar property, waiting for assays. He said the labs are so backed up that they can't handle all the work they have.

Double Eagle same thing he complained about the labs and that he can't get any results.  I believe he said he is waiting for hole 12 and 13 for the assay results

I forgot to ask about the China project but last week he had mentioned that he was negotiating to get more property.

Overall the news sounds possitive.  So we just have to wait and be patient. 

GLTA and hang in there.  Tcp

 

 


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