Lorraine news update target .28cents dilution...continueshi all, Good news today on Lorraine and unfortunately they inherited a nightmare of more work and going back into the archives to relive this project. Also, i did not like the fact Teck has over $8 million in further payments that will cause more dilution to us. Another $500k by November and the millions on the PFS and developement for a mine if we build it!! So for us sit back and focus on Kwanika drill results as we need more. I must say Peter Bell needs to make sure the drilling comes in long strike for the holes at East Niv also! There is a lot of money on the table and right now the delay from the labs is no excuse!! As for the share price we still need to get POSCO out of the way and close the books for the final tranche and lets move on. We all know the VWAP will be low and min 6million more shares. So lets hope we get the final news on this by Friday?? Make Northwest a complete package for a takeover and get the drill results we need in August. I mean all of it from Kwanika and work on Sun Metals and East Niv to close Sepember. But, we know how things are we could see ourselves going into October. As for the PFS and Kwanika and Sun Metals update ....whatever happened to this? For now this will be a long summer for us so take profits like i mentioned last week. I will be looking to get in more shares under .30cents and ride it back up......
for now enjoy the day and watch for the Federal Reserve news on rates at 2pm. No surprise at all min .75 hike coming. The news today was a wake up call as to how long it takes to build a mine....poor Eastfield shareholders they waited a long time just for this!!