TSX:LSG.DB - Post by User
Comment by
xdmmdx3on Apr 14, 2010 2:51pm
602 Views
Post# 16991513
RE: RE: RE: Anyone see...NCM JUST ANNOUNCED DRILLI
RE: RE: RE: Anyone see...NCM JUST ANNOUNCED DRILLIdigger144:
"If the CEO of NCM thinks that 2,000 metres is an "aggressive" drilling program that I feel that may be he might be in the wrong business. A paper cut when it comes to exploration drilling.
I wish you luck, but let us keep it realistic."
Digger144,
I appreciate what you are trying to say, but I'm sure you misunderstand. The aggressive part is how quickly they went from getting the IP survey to actually having the drills turning. This normally takes companies many months to achieve. NCM has aggressively obtained drillers that know this area extremely well, and are already at work. 2,000 m for a small company like NCM is not too bad either. NCM market cap is $7.5 Million, vs. LSG's $1.1 Billion. If you were to take a comparison of market cap vs. amount drilled, the equivalent would be LSG announcing a 293 km drill program! lol Of course this is ridiculous, but so was your inferringthe CEO meant the amount of metres as opposed to the speed of the work being done.
Today's news release:
' Newcastle's President, Michael Romanik, said, "Our aggressive
exploration plan reflects the strengths we see in our Carscallen property.
We are excited to have identified several prime targets from our recent
geophysical survey and to rapidly launch our drilling program."'
It is right there for the reading pal. Keeping it very real.
Good luck to you too,
x