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First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: Important phrase in this morning's NR

Important phrase in this morning's NR

posted on Apr 08, 2008 06:38AM

The approved budget for the program is $2.4 million, the cost of which will be shared 50:50 between Spider and KWG, after which an additional exploration program with related costs may be recommended as a result of the first phase of the program.

Neil Novak mentioned during a telephone conversation with me that if he hits something big [my words, but close] during this drill program (cost $2.4 mil), he might recommend a continuation of the drill program.

Sounds pretty likely to me.

Snug

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