RE: Conference call recording It's well worth listening to, especially for long-term investors, and to help make sense of this year's upcoming drill results. 80% of the proposed 50,000 meters of drilling for this year will be infill drilling plus incremental expansion of the open end of the currently shown resource. 20% will be testing of other parts of the property that show some promise due to similar electro-magnetic survey results as the Portage Zone.
Keeping in mind just how conservative the 43-101 was, and how conservative this company and its geologist are, he (Dr. Quinton Hennigh) said that:
— he thinks Springpole will become "one of the leading new resources in the Canadian scene"
— "a very large system" with "a tremendous amount of room to grow"
— this type of system, compared to other similar systems in the world, "tend to be quite large"
— the 4 million ounces is just a "foundation"
— hole 106 (january) was included in the 43-101, and 4 more holes have been completed since then in the same area (which weren't included in the 43-101) and they show "similar alteration to hole 106" and "might add some significant potential."
— September is the target for the revised 43-101 and the PEA
— Hopes that 25-30,000 meters of this year's drilling is included in the September updated resource
— $13-14 million in the bank, some warrants coming through in the next 7-8 months that will bring $9-10 million, possibly an additional financing "later this year, probably in conjunction with the PEA."
I think I got all this right - but listen yourself, and don't take my word for it.