Cluster of big news for gallipoli
in response to
by
posted on
Jun 15, 2008 03:55PM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
As posted before, there's been now 5 weeks since last significant news release, and the one last week was a real non-event (except for the operational update. The items we are watching to hear about, that I think will be in a cluster are:
Resource update. This may include the in-fill drilling between Bruce and Ormbsy, as well as the extension drilling at one or both ends. If you compare that side view shoring M,I &I of the Ormsby-Burce area from the two older NI43-101 reports with the picture here on Agoracom showing an UPDATED version from late February, you can see that the Inferred areas had been expanded to include more areas between Bruce and Ormsby. Now, many months later, there will be even more. That there were 2 drills confirmed by a pilot friend of mine about a month ago, on the Bruce Zone, may even add some late-coming holes. SO look for increases in Inferred resource. My quess is this will take us to 1.8 Moz plus at some date the Clan Lake resource can be a third column in the resource, taking us to 2.4 Moz.
PA. Should be soon, we've all been saying. I think it will be in the next week or so. This is major news, as there are some aspects to this project, in my novice opinion, that give us an economic advantage: No overburden to remove. Electricity available, much cheaper than diesel to run generators. Huge talent and minining industry base etc. So even with high oil, this PA should show that a mine at Ormsby is a go.
Drill resoults from Clan Lake, which I think will include some very deep drills done with the larger drill I observed heading up there in Feb or so.
Drill results from Big Sky, but probably nothing really blockbuster. this is early stage work to figure out the geology there... Stil...
With the above, we may see market cap rise enough that institutions / analsysts become interested.
At some point at TSX listing will be discussed....
Fall financing.
Pottential for buy-in or other kind of partnership.
News on the environmental studies and permitting.
And other things that we can't expect but will be pleased to see.
If any of the 9 or 10 items above come out in the next month, such as 4 or 5 in a series, that will be the cluster I am hoping for.
SKELEG