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Diamonds North Resources Ltd V.DDN



TSXV:DDN - Post by User

Comment by romankoon Jan 20, 2010 2:38pm
312 Views
Post# 16700568

RE: results

RE: results

Although I don’t doubt that DDN will have results, but I suspect they may be a year behind the curve vs. competitor explorers in the region. Look at CMD and PGD, they’re delivering results from this past summer now, while DDN saved $ by just doing rock samples and percussion drilling instead of channel sampling for the gold and full drilling for the diamonds. We’d have a better idea how much gold they have, and also wouldn’t have to be extrapolating size from broken diamond fragments. Same goes for the nickel and copper etc. These commodities have recovered nicely during 2009, ideally last year would have been the time to deliver on results.

 

That said, I have no doubt they will deliver concise results in 2010, their latest news releases point to a major drilling plans. But now is not the time to be conserving cash, we need to start drilling like crazy, because 1 year from now CMD and PGD will be working on reserve estimates and initiating mine feasibility studies. DDN needs to s*it or get off the pot!

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