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Bullboard - Stock Discussion Forum Sunward Resources Ltd V.SWD

Metals & Mining Industrial Metals & Minerals

TSXV:SWD - Post Discussion

Sunward Resources Ltd > Breakout? Breakdown?
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Post by Tobuyornot on Feb 06, 2012 11:46am

Breakout? Breakdown?

THe suspense is killing me!
Comment by indemdarhills on Feb 06, 2012 12:07pm
My intuition is this company's fortune is going up.  It has 11 drills now on the property, up from 4 this time last year.  These drills are all over the site, and I believe Management must have a good feel about this Titiribi site.  Recent selling off of Murindo(?) property means SWD is no longer interested in marginal ventures; she must have felt there is enough Good ...more  
Comment by yoshka2000 on Feb 08, 2012 1:09pm
So, 7 drills last year and now a total of eleven.So, what's the burn rate per Mo. anyone here know? If, you can't find anything with 7 drills then it must the wrong location or not deep enough. Cmon, can't just hope,gotta show something for the cost of all those drills.
Comment by fleeinggrandich on Feb 08, 2012 5:57pm
You have to drill to prove up a deposit. Any company only operating 1 drill on their property isn't worth investing in.  
Comment by skii1 on Feb 09, 2012 4:18pm
burn rate is $1.5M per month.  $55M cash in the bank
Comment by yoshka2000 on Feb 09, 2012 4:55pm
Rite on. I'm hoping for a pullback to pick up more shares closer to,two bucks?
Sunward Resources Ltd
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