RE: RE: Spoke w/CFOPOG1200:
I met with Mark Cernovitch at the PDAC in March and he told me that the institutions who they met with gave them some some clear feedback. All of the institutions were very impressed with the project and it's potential to host millions of ounces of gold and silver. I asked him what they wanted to see for them to be willing to pay a higher price for the stock and the answer from them was that they wanted to see the company drill up the project and produce a 43-101. So this is their instruction and is the basis for RCT's setting the goal of 3 million ounces of in 43-101. But this will take some time and will be done in stages. The institutions were actually not as focused on production as on 43-101 ounces.
What I would like to see is for them to come out with some data and say something like "ok we've done some drilling and the results are decent and we now have 400,000 ounces in 43-101 resources". They don't have to come out with a massive number all at once. They just need to show progress and then the stock will gradually move higher with each increase in defined resources.
GLTA