RE: RE: RE: NEWS FROM THE COMPANYThe rocket has yet to lift off. For those with Volume1 on ignore, the handbasket comment is in response to one of his/her remarks. I used to have Volume1 on ignore but the board is much too boring without him!
I don't think drilling is taking any longer than expected. From the July 19 2011 news release:
"It is anticipated that the drilling in this phase will be completed by the end of the year. The goals of this exploration phase are to attempt to: i) satisfy the Serbian government criteria required for the issuance of a mining license, and; ii) establish a NI43-101 compliant resource."
JV Partner due dilligence will most likely require completion of the drilling and the NI43-101, and certainly assurance that we will be issued a mining license. From the Aug 8 2011 news release:
"Erin is continuing discussions with these potential partners, and hopes to formalize some of these relationships once their due diligence processes have been completed over the coming months. Erin is currently considering the first two proposals from potential partners. One for project-specific financing, and one for a long-term purchase contract. A third potential partner has requested a bulk sample for analysis."
I would not really expect any Serbia news this year, other than maybe an "all is going as expected" update.