All exploratory work costs money, it comes with the territory.
The object is to explore where there is potential.

"Tricky in that it's veigny (at least at WF). Stops and starts, and is in very low
concentrations relative to the rock it's in." posted Dvdgray.

It is not low concentrations. Low concentrations would be below a gram Au per ton. Three grams per ton is happy hunting ground. I do not know where that notion of low concentrations came from. That may be the cause of the misinterpretation.

With gold at $900 an ounce which is about 30 grams. Three grams represents 90$ and depending on location typically only a third of that would be spent on processing.

As I explained by example in previous post, veins are rarely a problem and often a blessing.

Another example, this is where I have a substantial interest as percentage of my portfolio. ECU Silver Mining (ECU Toronto Exchange) are in Mexico. Their property is mostly veins of half billion equivalent ounces of silver ( gold making part of the equivalency).

Another of my interests, Osisko (OSK) with Malartic in Quebec is doing quite well with a lot of their hold being in the one to two gram Au level and just look at their share price.

Lastly, do not knock Old Joe, there is wisdom in age and experience and he shows it in his posts. Thank you Joe.

Just trying to put the record straight.

Yes a lot of these postings and our effort would be saved had the company came out with the necessary and obligatory info to it's shareholders.

Repeating myself - I can only excuse the Option if the management has an important discovery at Eagle 1 and want to concentrate on it.

Keeping my fingers crossed and accumulating bits instead of selling. Cheers.