Exploration program 2012 As impatient as I am myself to see results from the assaying of the existing core, we have to admit that nothing happens overnight anymore in this business... Take the Yukon for exemple, it takes 6-9 months from sampling/drilling to assays back... Keep in mind that LIO is planning to spend over $4 million this year on Tavatu... They must be doing something of significance on and off the ground ??? The good news is that even after spending that $4 million, the Co will still have $15 million or so to carry on... Not a bad position to be in in this market environment... This is one of the few great plays (risk/reward) that I ever came across in my investing career... LIO will start to reward us in 2012 for sure... $5.00-$10.00/sh. is a real possibility on this play.
orepass