TSXV:EPO.H - Post by User
Comment by
srpaton Sep 21, 2011 10:22am
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Post# 19065646
RE: EPO is getting closer to TLE vote
RE: EPO is getting closer to TLE voteThat's not entirely correct. From what I understand, the TLE vote will nearly double the amount of land EPO is able to mine. Of course, that is a huge step forward. However, it will not, at least technically, double the 43-101 as soon as the vote results are released. Encanto does not want to immediately update the 43-101 because they won't be able to immediately double the results of the 43-101. Instead, they will wait until the drill results are in from the 2 additional planned holes and then update the 43-101, which should give a new 43-101 with substantially higher numbers.I say good for management if they stick to this decision, as it would definitely be a disappointment to the market to immediately update the resource (with previously drilled holes with overlap on the TLE lands) with a number that wasn't close to the 90% they have been saying.As a long-term investor, I am very pleased with the follow-through management has taken in recent months. I don't know of any mistakes/poor decisions they have made since the PR fiasco with the original release of the 43-101.srpat