RE:Buy out or no, Gold is up!Probes had a good run...lots of good buys in the gold sector....LSG, SGR Iamgold to name a few...probe is fairly liquid for the moment...so wait for drill results...or....not...!
The last news release....key finding was 1000 meters N and W of the other holes...of the east 1000 m holes..could be western lip lof high grade.......might continue into REC'S property.
I'll wait for the ice drilling...not a problem......if its positive news that's good. I think they can go under ground quite easily....no lake disturbance...holes are cemented after they are cored/drilled.
In fact this is AEG's specialty....like I said before.....5 to 5.5 to 6.0
Current price of gold has some bearing..but the PEA selected price will be higher than current.
They already have a resource....4 to 8 million ounces...question is does it go under the lake....deeper the better......if not then ( and Dave should be doing this already ) send a drill out after the ice drilling ( or two ) to the east limb....see if they can find other pockets of decent 1.2 to 5 gm / ton gold.
Just a few thoughts....when the chips are down the buffalo is empty!!!!
Glta