RE: RE: ...soon???????sorry Curvature, by I totally disagree with you here.
Sitting on $20 mil is fine and dandy, its nice to brag about, its nice to know you doint have to go to market at depressed prices to raise money, blah blah ,
However, if you dont spend it, 3 years from now, what do you have? nothing more than $20 mil in the bank.
On the other hand, if you spend the money, and prove up your deposit, and contiually grow the deposit, then that same $20 mil, could very well increase your comapny's worth , and probably even more.....
this is the life of the junior exploration companies, the never ending circle of dishing out shares to ge cash to spend that cash on drilling etc,....., and so on and so on....
the reason I am an investor in ER, and by the way, I have added during this time of weakness, not sold, like others have, is that Don has done a good job so far, in keeping the shares structure tight, and the fact that this deposit has huge potential, and because of where this deposit is, (Quebec).
there is no reason to be developing this project at such a slow pace. why havn't we drilled more holes??? why dont we have 3 or 4 rigs drilling simultaneoulsy, why hasnt Don spent some of that money to hire more qualified people.
The companies that have done this, are now showing the fruits of their labours, and we unfortuantely,are waiting, and waiting, and waiting.........for a 43-101 whcih is ancient history right now........ho hum