Donner update!!!
posted on
Oct 04, 2010 05:19PM
Edit this title from the Fast Facts Section
Saw this post on another site.Its an update from someone who spoke with the IR of Donner.
Those tow previous post will save a lot of typing.
I had a talk with Andrea Friday afternoon and now I know why she was trying to get me to finish up my questions.
David Patterson is in Europe now talking to European Investors. Having the feasibility Report in hand opens many doors.
I was told that the PD1 is heavily weighted toward CU. I don't see that in the historical results so there must be more to the property than I am aware of. The grades aren't much but it does add tonnage and changes the mine life by close to two years all by itself. As long as things bear out.
From what I understood of my conversation, DON runs the show when it comes to exploration. They have the expertise and if it was left to X there is a good chance The Bracemac Mcleod zone would not have been found. Doing some simple math that zone will be the second largest mine in the area. It has had geologists walking over it for at least 60 years and the area was virtually untouched. There is no accident that they were on the receiving end of two mining awards.
So we await drill results from PD1 that DON has been drilling for the past few months. Then the infill drilling by X.
DON will have spent its 25 million by sometime in Nov. My guess.
Dave patterson wil have given his talk in London and seen institutions in Germany. Maybe elsewhere. So maybe the financing starts to take shape.
The ramp will be finished sometime during next summer. They will then start to stockpile ore.
Perhaps by the end of next year the infill drilling on Lower and Deep Mcleod will be done.
There are areas tha can only be drilled during winter so that opens up new potential.
Part of the game plan as mentioned before is to create a situation where the outstanding options and warrants are taken down.
I would think that things are starting to take shape to help facilitate that. The overhanging stock will dry up eventually .
Then we will see what happens.