OTCPK:NOXOF - Post by User
Post by
MrMonkon Jun 21, 2013 1:00pm
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Post# 21555559
Updated 43-101
Updated 43-101
Yes I am well aware of the timing issue. I think MDA in Reno have done a very thorough job and building a 3-D model with complex geology is no easy task. However, you would think they/us could have estimated the time better. Don’t shoot me I’m only the messenger. J
Dale
From: Mr. Monk
Sent: Friday, June 21, 2013 9:16 AM
To: Dale Paruk, NioGold Mining
Subject: Re: Aurizon/Hecla
Yes, I understand these things take time - I'm not in the mining business but I am a business owner and I understand the timeline for business matters.
I think shareholder expectations may have been mismanaged by noting that results would be out in April. This feedback is meant to be purely constructive.
On 2013-06-21, at 12:05 PM, Dale Paruk, NioGold Mining wrote:
Soon. Part of the timing requires feedback from Hecla. These things take time, both in evaluating the data and then the various drafting and approvals of news releases.
Dale Paruk
From: Mr. Monk
Sent: Friday, June 21, 2013 8:53 AM
To: Dale Paruk
Subject: Re: Aurizon/Hecla
How can it possibly take this long for the updated resource calculation? You were hoping for early April - it's now 2 1/2 months later. When are we going to get this?
On 2013-03-04, at 10:55 PM, Dale Paruk wrote:
We don’t know and don’t expect contact with Hecla for a few months until they sort out the ARZ deal. We heard Alamos is not likely to counter with a higher offer. Assuming Hecla wins, we will have to see how they respond to us over the summer. As you rightly mention, September is coming fast and if they don’t make a decision, we retain 100%. There certainly is interest in our property from others in the neighbourhood. Things could get interesting when we release the phase 2 resource calculation hopefully in early April. All looks good for NOX.