RE:RE:Well, well, well, drilling on Barry... It has occured to me that they may not be seeing a compelling business case in the upcoming PEA and have decided to shift focus to resource definition instead. As usual we are kept in the dark with regard to the company's vision and strategy going forward.
Mstettler, I was thinking the exact same thing. It certainly didn't take them long to switch gears after Moroy blew up in their face. Question is how many more ounces is 8000 meters of drilling going to add to the inferred at Barry. Plus, now they are going to drill some new area. I'll say it again, to me it looks like an act of despiration and they need to find ore fast, and lots of it, preferably on the surface. So lets drill and hope for something close to Windfall.
So if my hypothisus is correct. Bachelor lake is running out of ore, Hewfran will fill the void temporally, but know one knows how long it will last. Moroy is done, which leaves Barry, which is not fully permitted, and some long shot area they will drill near Windfall lake. Then there's the mill that needs to be expanded to meet 30,000 to 35,000 ounces going forward, and 9 million in convertable debt due in just about 11 months now.
On the other side the Barry PAE should be out shortly, the 4th quarter reults should be out shortly, and Osisko might buy them out at any time.