Harborside Inc. HBORF

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[Snegamook]

Sorry to upset you digestion Grouchos old fellow but what else is a nice girl to do but accept what is in the public record? The co had 2.28$ mill in current assets on 30 Sept last year and has been running in high speed burn rate ever since. We've had not financials for six months but my bet is that one third to half that cash is gone. We'll have to wait for the answer but does it really take this long to prepare unaudited statements? Nice to see some actual results, but what do they tell us? Presumably the holes were drilled vertical. We know the locals are mining gold at outcrop from steep, narrow veins. Wouldnt you expect the reported intersections to have hit this kind of mineralization? If so, the holes went down the vein for quite a piece. Still 4m of 7.03 (RCO36) is not shabby. I bet the 1m of 36.70 g (RCO56)was in a steep vein. Not much else of interest. We are not told what the rocks are. Did any hole cut the elusive felsitic stuff with graphitic shale that the Bully ore is in? I suspect not. There is a ph.d thesis out on the geology of Bulyanhulu. It's been a round for a while. The geological map of the property shows the extension of the bully reef one (the one with the gold in it) leaving the property 1 km south of the nw corner and the felsite member pinching out at least 1km short of the line. Lakota has it coming into their ground (fig 2 of the newsrelease) a full km further south. Playing 'join the dots" is a favorite parlour game of geochemists. Here they have generated more dots by only using a cutoff of 2 stdev. Using three would have been more useful in revealing truely high values but the game would have been less fun. The local miners have already shown us that the good veins run ENE. If all thoselines running SE are gold targets, have the local missed them all? Sorry to sound a bit cynical but I don't believe the interpretation. This ground was drilled 'way back' by East African Gold - a private company that walked away. Then Goldfields came in and did the same. Where area ll the old holes on the maps? These guys are getting their geojollies flogging a dead horse. Time to move on.