DD on ROFDoes anyone know who are the other principals in Geotest(Jen's company)?
Do they also have a 2% royalty for E/W rim and can it be bought down?
I notice no mention of buy down provision in N/R for Broke Back and Riverbank.
Timmins is why most of us are here.Jen's just increased spending commitments in ROF by $567,000.00.
I'm just trying to figure out why Jen is so adament on drilling ROF asap(originally Mar/Apr now 2010).
BMK drilled ROF late September and results are pending.During this time they reassayed and did a review with nothing but fluff for shareholders(see N/R), seldom drill never tell McKinnon.Mkr increases land position shortly after.Mkr down to .22.BMK being whipped like a rented mule(see Fri/Mo trading).Q Yarie from Geotest appointed VP Exploration.I mention BMK because because they are JV partners and am following the thread(people/insiders/money).
I think shareholders should read NOT N/R Dec 03 re development plan and seasonality aspect.Then read the NOT N/R Dec08.Has NOT found the elusive pge reef.Lengths are small but grades are fabulous.I'm no geologist but I remember reading the highest grades and biggest deposits are narrow but have a large horizon.NOT is saying that they could build a mine (Lac de Gras) without the other necessary infrastructure.The only way that is viable is if they are mining PGEs.Ounces as opposed to lbs,very high value as opposed base metals.
Is this what has Jen so gung-ho?The risk/reward equation favours Timmins.Let NOT drill ROF.That is their focus,their only play.If they have found that elusive pge reef then the large South African platinum producers will J/V with anyone and everyone up there.They have the expertise and cash.No need to rush.Then things will get interesting and development will take place...all in good time.(long time).If you think the natives are not a problem then see ptx-v.THE RISK/REWARD EQUATION FAVOURS TIMMINS.THE TIME LINES FAVOUR TIMMINS>THE COST /VALUE FAVOURS TIMMINS>THE LACK OF CONFLICT FAVOURS TIMMINS>
Jens...spend wisely......GLTA