RE:overall positive? Positive - not much has really changed.
We seen a bit of a dip in FandF ownership down to 72% but insitutional investement went up to 16%
Drilling costs are $230/m as opposed to other companies up north havingto spend $600-$700/m -net positive
Turnaround tiimes for assay results at the local lab is 4-5 weeks which is less than the several months I was initially thinking - Cynthia and the team can used the reduced turnaround time to identify new targets.
They said drill rig operators are "hungry" for work right now, lets give them some!
The A-zone is sufficiently drilled which is another postiive sign that the data room is well rounded and porspective buyers are getting a adequate understanding of the explored areas.
Theyre working on extension of the sturgeon river system, this is a net positive. Steve, question for you, last week when you were discussing drilling plans in the future, it really semed like the twin falls property would be focused on to some degree however drilling early next year as part of the proposed 5000m program seems to be very concentrated on areas surrounding the ever expanding strike zone within the origional (prior to twin falls aquisition) ishkoday boundaries. Are they planning on doing work in the twin falls area next year at all?
The MRE also seemed to be of lower importance while Cynthia was talking during the meeting, She still seems to have reservations surrounding the idea. this struck me as odd due to the press release we recieved just yesterday. I would have expected her to be full steam ahead. Is it that the press release is targeted at potential buyers as a "**** or get off the pot" type message? Obviously i dont expect an official answer to this as I know I wont get one but I wanted to put that out there for people.
6.9M in the bank.. Steve I am assuming this does not include the funds from the recent PP... can you confirm?
Not much has changed but I think what has changed is all good (aside from the slight decline of insider/FandF ownership but thats their choice) as we move towards more exploration while we wait for an a deal and Cynthia checks the disposition box.