Re: Just a Thought-Theory on SP- railroader
posted on
Jan 03, 2008 06:40PM
Later than sooner on the next PP.
With the JV's and cash in the Bank, Noront can Drill for another year at the 6 drill pace and still have plenty to follow into 2009 before needing to do a PP. By that time they will have 200+ cores out of Eagle1 and 2-5 100% owned Anomalies drilled to 15-25 holes and 15-25 holes for each JV to add into the mix. Then there is Windfall. And NOT to forget Burnt Hill and surrounding claims and decisions on the Turner Point, China, Mexico, and Lazar...
Then there is the expected drilling of the other area plays.
The next PP will NOT be for less than $40.00-$50.00 per share. No need for one at any lower a price and for a year into the future. The BSers on here may not like it but that is just the way it actually is!!!
Old Joe