Re: The Road - jackwho and all
posted on
Feb 23, 2008 09:44PM
The construction of a road into the Eagle 1 site is not a major issue from our current prespective. An all season road would be of some importance only when we have a commitment to constructing a mine. Will Noront be doing that? Should there be a passable road made available then the cost of getting bulk materials required for Exploration into the area more inexpensively would be a very good cost saving bonus. But right now just that, 'A desirable cost saving bonus', not an essential.
Otherwise road construction cost is a factor we would like to have some sense of when a 'Buy Out' is in progress as it would be useful to us to gage the value the prospective buyer should be placing on our company or on the deposit being purchased. This, of course being contingent on prior commitments forthcoming from Government.
For now the primary focus we have/should have is getting the most work accomplished at the best cost. We do NOT want to see any more PP's such as the one suffered recently. Thus, to have the SP properly reflect what we have in our possession the perceived value of both the Eagle 1 deposit and its soon to be discovered BROTHERS and SISTERS as well as Windfall Lake and all the other properties in Noront's possession must become so compelling to the general investment community that the actions of the controller(s) over the past 3-4 months will be incapable of keeping the SP so drastically depressed.
Old Joe