Post by
montybissett on Jul 18, 2019 12:52pm
We have gone
from too nuggety and pick up and back hoe deal to now drilling at the Fenelon border. Somebody better make sure these clowns don't miss and drill on WM land. This is not an easy call for mgt to make IMO. Or it shouldn't be. I would let WM drill up to the border as they have a ton of cash and have a bulk sample coming to add to the pile if it pans out. Keep the area a mystery.
This gives DW a fix. Drilling and spending money we don't have. DW had better pray WM doesn't put out bad drill results right from their side of border right after DW spends precious money. Possible Bar mgt knows more about the area than we do from info WM has deceminated.
I think I would have called up ES and say will drill at border if you would buy our WM shares for a .50 each and give us 2 million and we will give you 5 million BAR shares and a option for 1 year to buy 10 million at .50. The 2 million plus has to be spent at targets you pick. ES might start snoring in the middle of the conversation. Then give him a option for 1 year to purchase Fenelon sized border land for 25 million. He owns 100 million plus shares if not mistaken. He might like to own 100% of land next door that might have better results on our side of the dirt. If you don't ask you will never know.
At one time today ni price up another .35 to 6.80. Up 2.00 from the recent low this year; more than 40%. 8.75 Ca is starting to look good.
Seatle Slew that is a statement DW or JF would make.
Comment by
jefedeoro on Jul 18, 2019 1:55pm
Monty, just an fyi, Sprott cannot buy any more WM, he is at his limit of 25%......any more and he would have to tender an offer for the whole company. Which actually might be a hell of an idea for him they way it is shaping up...... - Jefe
Comment by
flashcash on Jul 18, 2019 2:47pm
Area 51 makes this one very interesting as it is quite wide, the original Fenelon looked high grade but small so don’t hit yourselves too hard. It would be great if we could work together on the gold deposits on both properties though. My thoughts is it goes through to the Sunday fault zone as it is very wide and banded. GLA
Comment by
flashcash on Jul 18, 2019 3:07pm
The nearest drill hit to Bally property hit gold mineralisation, FA 19-57 it’s 457 m in length, not sure of the extent as awaiting results. https://www.wallbridgemining.com/i/maps/fenelon/20190517_Fig_8__Fenelon_Plan_5vw3ts.pdf
Comment by
jefedeoro on Jul 18, 2019 3:44pm
Ahhhh ok Monty, thanks for the clairification. And yes, sounds like that would have been a good plan.....you are correct, if you dont ask, you will never know. Perhaps them drilling the border will turn out great for both companies, I'd say its a very good possibility at the least. Good luck, Jefe