RE: RE: RE: RE: RE: Drilling cosford74, It is a stop between 2 phases and the plan for phase II it does not mean suspend drilling! It means a time for analysis between 2 phases. So, when they start phase II drilling they drill the right drill spot according to the analysis results. It is a normal operation in any drill plans.
As CBJ has got according to some experienced analysts estimate almost 3MO already.. GLW wants to match CBJ ASAP before any sales.
GWY was already signed a sales agreemnt with EB on Dec. 2011 and announce the sales 10 month after all conditions were fulfilled although GWY kept drilling and the results of drills analyzed by EB only, I believe GWY had close to 3MO of gold at the time of the sale executtion.
As my understanding here; GLW & CBJ are already waiting for some conditions to meet the sales agreements. CBJ owns the land 100% GLW is working on it. That may change as well for CBJ to be going before GLW until they meet the agreement conditions.
EOM, sorry for the post to you earlier, I mixed up between you and oldtimer he the one I believe he lost with GSL or EOM (So my apology for that) but EOM owns the land and their land worth more than 70M already if they have to buy it again today, plus the gold they discovered. EOM invested $220M over the last 15 years and if they want to sell it; they will sell for 4 to 5 times the investment and EB does not want to pay $1B so they are still in negociations. I believe they will arrive to agreement sooner.
US investors are killing the gold market based on the propaganda to allow the Fed collect and return 1/2 the German gold for lower market price, but that will not go for long and gold price will be released to new high, that is what the issue with EOM and every delay will serve us for higher buy price.
GLTA,
Dan