Other ROF Claims
posted on
Jun 21, 2010 12:20PM
First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed
Does anyone here know if Spider & KWG have any other significant ROF claims that could materially benefit the Share Price? I'm curious if this is the case and whether they've been optioned to others.
I'm not as well informed on these issues as some other posters here and was hoping someone could shed some light on the topic.
One reason for asking the question was in the event shareholders vote against the takeover and we reach a standstill on the Big Daddy project is there another area here that the companies could focus fresh exploration on for the season.
As Hoov pointed out from the Micon report it doesn't look like a great deal more is to be drilled on the current deposit. On this subject I believe Neil had mentioned reviewing this data with other consultants before coming to a conclusion on how to proceed. It is of course possible these consultations will yield different views.
A few thoughts from others on how the two companies could best leverage their cash positions in our favor would be appreciated.
I'm hoping the new proposal from KWG will give us some insight on this subject.
Thanks
A