RE: Nuggets from Orex Investor PresentationHey Sailor;
I find the time line "Aggressive" and a little overly optimistic considering we are 1/2 way through 2009 already. However it is a plan and I do not make policy or plan schedules for the company. However I have been involved in a mineral projects, specifically the Goldboro project for 8 years. Here;s a fact for everyone; at best you can achieve 30 to 40 meters per 12 hour shift when drilling NQ calibre core at Goldboro due to the hardness and fracturing of the rock. Saying that utilizing one drill with optimum production on one shift it will take a long time just to complete the phase 2 drilling let alone the 3 and 4. The only way to get this done in the time frame allotted is to mobilize a large exploration force to site and drill the P*ss out of it 24/7 for the next 18 months.
I'm afraid some may say I'm being a pessimist, but in reality it's experience drawn from the school of hard knocks and I'm only being realistic. If it comes to a production decision I'm sure I'll get a chance to argue schedules at that point of time, it just depends on who's side of the fence I'm on then.
Have a great long weekend (Everyone in Canada anyway). I have to work Monday - WHAAAAAAAA! LOL
Cheers
Ken