Re: Deep Drilling
in response to
by
posted on
Nov 27, 2007 04:35PM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
I figure we will get some deep drill results in ?February. We will have other results any day now. So there will be a lull between the two.
60km of drilling, I guesstimate (any better estimates?) would take them until next summer. The results would come out piece by piece, perhaps in ?? 4 or 5 batches. Then Maher has already declared (S. Fran.) that there will be another drill program running into 2009.
Once there is a good bunch of deep drill results, the question will become the timing of a future 43-101 estimate. I don't know if they would plan to do a preliminary one and then amend it or what.
There is a very long timescale of drilling / results / analysis / estimation to do, and that will weigh on the SP. However, in engineering terms, "you can't push on a string (only pull)". We're lucky to have a huge cash hoard to allow the focus to be on a great whack of drilling.
Overall, the management seems very savvy about the information flow via IR, so I am sure they will bring competence to "managing" the stock price.