RE: RE: Pending Assay Results... Hey Letsgetready...
One thing that I have learned over the two years that I have held Trelawney is the ability of the Management Team to execute their gameplan.
From the word go, they filed a Shareholders Rights Plan once they "got a sniff" of what they were on and have since then executed a very systematic and well planned strategy of value creation. I was very much impressed on how they were able to pull-off the Augen Gold deal by courting the major players and signing them up to lock-up agreements.
The Preliminary Econcomic Assessment will most definitely be released, very soon....it is a valuable piece of the Trelawney Story and will further establish value!
Yes, they will squeeze in as many drill holes as they possibly can but we must remember that Iamgold wants this "as is" which is speaking loudly as to the potential of the Cote Lake Deposit and further more the exploration potential of the immense land package that the Trelawney Team has put together...we are getting nothing for that!
The Updated NI 43-101 Resource Estimate of about 7 Million Ounces will do just fine! Also it is very important to understand the term Porphyry type Mineralization...it has been repeated over and over again by the Trelawney Team to highlight the consistent nature of gold distribution...I believe this was done in order to strengthen the possibility of not requiring additional drilling to establish the resources in the Measured Category...thus eliminating the need for further aggressive and costly drilling, let alone the time needed to carry out the work. The Cote Lake Deposit will more than likely only require the resources to get to the Indicated Category along with pockets of more aggressive drilling @ tigher drilling between holes or bulk samples in the outcrop regions to get a better handle of the gold distribution and recovery process.
The Cote Lake Deposit is very unique and the MIning Community is beginning to better understand the "nature of the beast" and come to realize that the economics will be very robust. The low strip ratio of about 2 to 1 is excellent and makes up for the low grade nature of the deposit significantly.
The negative analyst's comments are being made by those that missed the story and hold shares of other companies that they felt should of been a target for Iamgold..they have no interest in the Trelawney Story!
You just have to trust Management...they have proved to us over and over again that they are very much capable of dealing with this "hostile" takeover. Please...do not kid yourself...this deal is not friendly!
Trelawney Management is no where to be found...media, interviews...Gibson was not along side Letwin on BNN...tells us a lot!
It all comes down to executing an effective strategy and sticking to it. Gibson and his team of consultants decided to go this route...put up the for sale sign and wait for the bidders to come!
There will be a bidding war!
Regards,
Digger144
P.S. Love it...I can sit back and not care about the gold price, share price of Iamgold and know that I will, at the worst get $3.30 but feel very confident that we will get closer to $4.00 per share!