Over drilling!

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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donypee

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Over drilling!

posted on Jan 27, 2009 12:23PM

Has anyone ever heard of "over drilling" I think that's the phrase they use. I am not 100% sure but as I read these posts and try to figure what tomorrow will bring etc. etc. I have come to the conclusion that NOT just might be being made available for sale.

If you want to sell a car or a home there are certain things you do to spruce it up for what you hope will be an early sale for a price you have in mind. Things like maybe a paint job or something. Then on the other hand there are things you do not touch because once you start, it could cost you big time, taking away some of your profit.

Let's use Mungal's drawing. Picture the anomaly under eagle 1. Now the technical guys can add to this but in laymen's terms the second anomaly is under the first. We do not know the size of the second anomaly.

Why? Because E1 is making it difficult to see beyond it, using the technology. The equipment will pick up E1. So how do they get to drill the second anomaly for size?

In order for them to find the second anomaly they stepped out and drilled on an angle down under E1 and cut through the top end of an anomaly beneath E1 with some very nice grade.

My point is that if they continue to drill the anomaly beneath E1 they may find that its the size of a transport truck instead of being as large or larger than E!.

If I was in charge I would not continue to drill the anomaly beneath E1 if I was going to sell. Right now we all know there is an anomaly there. thats good enough for a sale. Heaven forbid they should drill it and it turns out to be small.

Am I making sense? IMHO E1 is better off left untouched for a while until they come up with something else.

It would be nice if they would drill straight through E1 vertical right through it and see what they get.

It again is MHO that this may be what Management has in mind.

Now keep in mind that we all have shares in this play. I am only putting this out there for you all to consider and perhaps discuss.

If this is supposition of mine is so, I kind of agree with them. I would get ready for some type of sale or something.