Update in 10 days?This taken from the Casimir release of February1, 2011.
"The Company is working on a new resource estimate which will be 43-101 compliant. There is currently no estimated release date for this report, but we expect it within one to three months. Based on our detailed analysis of available drill results, we believe the resource will be increased by at least 30% or 300,000 ounces when the first update is released, with an additional 70% or 700,000 ounces when the second resource update is released. "
When I spoke with Dr. Robinson at PDAC in March I asked if he was confident the 3 month timeline would be met. He replied that it was "a safe assumption".
If that's the case, the resource estimate will be released within the next 10 days. Not making judgements, but I think management credibility will have to take a serious hit with Casimir and the investment community if this latest promise is broken.
I expect the increase in resource to be significant when it is released, but my patience is wearing thin.