Cipher Resources Inc DREXF

Tomorrow is 2 weeks from May.13th news

[oilandcoal]

   Hello Everyone! new to the board and stockhouse. Just wanted to add that tomorrow is 2 weeks since the first 658m of the drilling was sent in to be analyzed. If we dont see anything tomorrow or this week, that means that at minimum we gotta wait 3 weeks for the first set and then the second half wont be in until mid june. Both May 13th and May 21st news stated that once the results arrive they will anounce them right away, regardless of which ones they are.

I think lots of selling today was from warrnt holders from the 0.15 cent private placement in december. So before then DOX only had 10 million shares oustanding. Now with the warrant holders, plus one of the original companies DOX bought the land from who own 500,000 shares, there really are only 10 million shares that you can buy, not including what the directors own.

Either way, I dont know DOX would be drilling on the Carmelita property if their wasnt a mine previously there. A friend sent me an email stating that 1 hole was drilled very close to the old mine, while the other 6 were near the anomolie from the survey. I think since an old mine is there and it was profitable years ago, then with the grades that exist, along with historic grades, DOX can make the operation profitable once again.