TSXV:AAA.P - Post by User
Post by
stocktaon Feb 17, 2011 12:01am
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Post# 18148205
Quiet this week, next week, but then...
Quiet this week, next week, but then...first week in March is going to be interesting:
Hole 11 results
Closing of PP
Decision to drill more holes or not
It is going to heat up again in early March. I am surprised they only drilled hole 11 to 164 meters, they must be happy with that depth and found something to have stopped there. I was writing off hole 11 as too far south but maybe we could get a surprise.
Then by end of March we get
Holes 12 and 13
Decision on whether to drill more holes or go to 43-101
If we go to 43-101 she will be ready by May and then if we are anywhere north of 200 m tonnes M&I, we are going to go significantly higher than where we are today. Think about it, thats 2 m tonnes for 100 years. That means double market cap of Intrepid or $6B, which would put us at $20 per share in production, Someone will bid $8-10 to get it now knowing they can get $20 per share for their pockets in two years. Question is are we going to take that price?? Time will tell. GLTA