Drilling and othe points
With all the money they have, let them show us what they can do. Surely they can get 2,3 or even 4 drills going before the snow flies.
As well, let assume they have been doing something for the money and options, both the old and new guys, have been given and have just gotten. --drills lined up. esy -high grade targets, decided on a lower cut-off grade,
This is not drilling in some extremely difficult spot. At worst, the crews can fly by helicopter, or drive, to the camp every night.
Also--
A)
Where is the million dollar Tax Refund from the Quebec government ? did i miss that? Surely someone, loanshark or bankst,er would have given the old EAG a loan @ 25% and they could have pushed the reserves up to 1.5 -2 M oz gold.
B)
Driling costs? Has anyone figured what EAG's cost per meter has been? Some companies do and in Canada many are in the $100 to $400 per meter range, on an all-in cost basis. "Some firms" have been known to overpay for reasons too nunerable to list here.
C)
If they try to take over on the cheap, plan now how you will vote as they must get 90 percent of the votes saying 'yes', so vote NO.