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Message: Re: Deep Drilling
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Nov 27, 2007 03:38AM

Nov 27, 2007 10:42AM
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Nov 27, 2007 11:27AM
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Nov 27, 2007 12:13PM
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Nov 27, 2007 12:54PM
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Nov 27, 2007 01:36PM
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Nov 27, 2007 04:05PM
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Nov 27, 2007 04:09PM
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Nov 27, 2007 04:14PM

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.

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Nov 27, 2007 06:20PM
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Nov 28, 2007 04:06AM
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