TSXV:AAA.P - Post by User
Comment by
maccon Feb 28, 2011 9:34pm
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Post# 18209236
RE: RE: buyout is an obvious option
RE: RE: buyout is an obvious optionCould very well be a buyout.Farhad always smiles when talking about a buy out on BNN.Athabasca Potash took 17 wells to get an ni 43-101 of 425 mil tons of M&I.I think our boy Farhad is trying to duplicate in the same ball park.Hole 11 due out soon and 12-13 probably on way to Saskatchewan.Holes 14-17 or more probably planned and to be drilled soon,before a NI 43-101(my opinion and the way the AAA IR guy was talking) More holes for a bigger Measured and Indicated resource estimate for the Ni 43-101.,True an Ni 43-101 is not always the harbinger of a buy out,(especially potash juniors were a feasibility is completed before a buy out).But this one could be different.At any rate SH price should now be moving back up nicely.And $4.50 to 5 sounds right for a buy out this year.