assays.....rof
posted on
Aug 09, 2011 12:23AM
I understand that hole # 1 is complete and being assayed (at least as posted on stockhouse)...so we can assume no Chromite so far...but maybe something else...who knows maybe something better. I think the fact that we had the funds on hand and are able to carry out the drilling of these two holes is a real positive. maybe something good will pop up amongst the mess the markets are in. Also given what is happening in precious metals prices ie 1700 plus for gold maybe LaYesca will put us in a position to raise funds to explore and drill more on ROF or somewhere else. Even if all we got out of Layesca was $2 million a year (my guess)..to start with...it would put us in a preffered position vs other juniors who would have a tough time raising $$ in this market. The gold side of UC plus the possibilty of something from ROF in the near future will keep us in the game.JMHO.