prayer & a songI've been waiting for this drlg for quite some time because it has tremendous potiental. But this mgm. team scares me so. I can see what they want to do but it better work the first time around.
Personally, I think they squandered all their cash on themselves and that money pit down in Brazil and now it's time to drill and their in a panic.
They should have noticed we were heading into a recession before they started it. Everybody else did at the start of last year. Even the TV economicts were talking about it. They aren't saying but you can tell they need to spend a lot of bucks on the facility down there. Now they have a big pile of low grade ore and all the ore prices have really dropped. In hindsight, I'm sure if they could do it again they would have done a different project. And put some of this money into Condor and make into a profitable cash cow. Now that their hands are free. Instead of that of that money pit down in Brazil. Anyway, I hope they would have.
Now they are only planning on drilling 3 holes to start on Rio. Probably because all their money is going elsewhere??? Maybe to get their cash cow up and running. (What a joke) 3 holes and no work on the surface yet. No strat work that we know of, no maps, no trenching, no hand samples that they can brag about. No Nothing! Except an survey done from the air which they aren't talking about and some stream sampling. It's a prayer that the Geo picks the right drill site. And then another that the driller will do it right. And only 3 shots on a very large project. Ha. Too many things can go wrong with only 3 holes. Let's hope they wake up and plan on more holes than 3. That public relations outfit must supply them with some good girls from russia because they sure aren't good for anything else.
They might need some fresh ammo to raise some cash for more drilling if this doesn't work. But I wonder if they have the intergity in the industry to get it done.
Be wise and protect yourselves on this one.