A hearty good morning to everyone. On the subject of Jims recent buying spree, looking back on the dates of his purchases one would think that NOT's been drilling in the area for some time now, If i owned some promising property that had aggressive neighbors drilling in the direction of my land perhaps mere meters away, and going thru the motions of numerous rig moves in the vacinity(which would imply confidence and success to a degree) i would be buying more myself, yesterdays newsrelease on the surface seemed to many to be blasiase in form and content, reality is that the numbers keep adding up, keep adding value, keelp adding directional stimulous to our drill program, Going forward i do have a concern that perhaps some of the more knowledgeable members here can contribute to, to say that NOTs' drill program is aggressive is to say the least , having said that the accelerated burn rate comes into play going into spring break up and the post break up drill season, soon we will be back to moving drills with the heli's. I estimate the montly costs to be back to the 2.5 million/month burn with 5 drills running full tilt into spring and most likely into the summer drill season, we'll have to keep a close eye on that one going forward.
Without being able to track just where the source of the said "hit" rumor first surfaced we have to take it for what it is, a rumor, however some rumors have substance, we know we have a drill in the general vacinity of AT 8 and 3 & 4 and beyond, been there a while means to me they are indeed hitting, now the hard part, is it Nickel or Chromite? or..something new to the field? I would imagine that there are samples at the labs as we sit in fromt of our sreens this am. Either way nickel or chromite hits this far SSW will change the game big time.
They say that good news comes in 3's. Here's guessing that we will see further releases sooner rather than later.
Everyone have a great day,
QQ , very nice to see your posts!
Cheers
Notster