Silk Energy Ltd SLKEF

RE: RE: RE: RE: RE: RE: coming back down to realit

[Vanchester]

Drillbit,

Your estimate sounds no different than mine and thus, as you say "That sounds like an opinion based on nothing to me.". We are all entitled to our opinions and it just so happens I think yours is 100 fold to high. We will see once the NI 43-101 is out who is closer. In your estimate how much of the 1 billion pounds of nickel is going to be economical?

So if you can't tell me how much of that total is economical, how does ISM know that all that drilling is economical? I can't believe you made a statement suggesting the only reason companies do large amounts of drilling is because they know it's economical. Quite the opposite. All that drilling is done to find out if the ore body has the economics to be a viable mine, not the other way around as you suggest. Out of all the exploration companies out there, you are trying to tell me they have large drill programs because they know it's economical. The companies raise funds to commit to a large drill programs to meet NI43-101 standards that will be used to determine part of the possible economics. There are so many other factors that have to be considered that there is no way companies are sure they have an economical ore body based on drill results.

Anyways, with that being said when do you think the resource estimate will be out? The AGM is a little more than a month away and it would be logical to put it out just before the meeting. Then on the other hand the summertime doldrums are coming into full swing and the announcement will fall on generally deaf ears. If ISM wait's until the fall for a wider audience, they may loose many investors that are disgrunted with the long timeframe( there's money to be made out ther in the meantime). There is also the big wild card called global economy which who knows if it will be better or worse by the fall (from everything I'm reading this is going to be one brutal October coming up). Some hard decisions for management to make in the second half of this year.

v.