IF...
posted on
Apr 04, 2011 06:13PM
...having already started an Environmental 2.5 months ago on Borden and/or Black Creek AND right now having already moved 20 drills into place on Borden so as to drill 400m holes (2 holes per drill per week for the next 7 - 9 weeks, NON STOP) with the goal of producing and publishing a NI43 Resource Calculation by mid September (total cost being $7 - $8 Million) AND doing EXACTLY the same with 10 drills at West Timmins (10 drills drilling to 800m - 1200m) for ~ the same cost, thereby leaving ~$8 -$9 Million to start the Ramp on which ever of these two projects that shows the best quickest ROI, AND then with the Exercise of Warrants funding the completion of the Ramp and some considerable Underground Drilling (most likely at West Timmins) or major above or underground Bulk Sampling (most likely at Borden) AND also completing a full Prefeasibility at Black Creek by End Of Year, then this PP will be well WORTH IT
Otherwise, for current Shareholders, this proposed PP is but Toxic BS!
Plan for the FORMER, Expect the LATTER?
Thus, REASONABLE PARAMETERS ARE SET!