TSXV:BER.H - Post by User
Comment by
buyb4its2l82on Apr 30, 2011 9:46pm
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Post# 18513332
The dart board is getting bigger
The dart board is getting biggerBy that I mean our dart board's are increasing in diameter. Which means it will be harder to hit the target. MO. BER should take some time to really examine where they will be drilling. If they pass on Sullivan Ranch to work on Iron Mountain they better try to really locate the target. Perhaps they should do some horizontal drilling to get greater results. Not sure if you can recover cores horizontally. Anyway bigger target bigger chance of missing in my opinion. Take your time. We have lot's of that available.
WB I don't know the answer to your question, but BER did state....................
"The Company plans to drill nine deep tests on the five-mile diameter structure estimated at Iron Mountain, subject to availability of working capital. Permits have been approved for the initial three holes, subject to payment of required bonds"
Financing will be required for continued drilling. BER stated that back a couple of releases.
Good to keep in the back of our minds:
In 1969 brush Wellman opened their mine in Utah that produced bertrandite ore with a beryllium content of approximately 0.6%
We are now looking at a 5 and 8 mile diameter dart board target. Results will be more difficult I would think, but I am only guessing. We are coming up to June. IBC states they as well will be drilling in Utah right near Spor Mountain in June. Remember they said they believe that they have a bigger reserve then Brush Wellman. BER stated the same. The race is on. Some of you may or may not know that PineTree has invested greatly in IBC and increased his position just this week. Does that mean they believe IBC's claim? I don't know. Does Pinetree know of BER's world's biggest beryllium claim? Maybe someone should send them a note. It wouldn't hurt to get some confidence investment. Our last promoter took theirs elsewhere. New ones needed. My opinion. Cheers.