RE:RE:RE:RE:RE:200+ years ??Bully, first off let me thank you for you’re informative posts, I appreciate ppl coming on here sharing their dd. Let me also state that I’m focused on the long term outlook, patience is key here and I knew this since the beginning.
From my point of view, I believe management has been going about this in a very systematical manner which should combine a compilation of results being helpful tools for the planning of an exploration campaign. We all know exploring tends to be risky and difficult at times but having an improved vision of the mine site will allow us to drill new targets cautiously and efficiently. On another note, this camp has never been fully explored, the geology was blind to predecessor companies which leaves us amazing potential.
The Airborne Gravity Gradiometry is a new tool which has been improved by 50% since last year, combining this survey with a lidar and a redrilled camp will give us good leads to new mineralization. Confirmation drilling was an important milestone to defining historical resources, by now results can be integrated into an NI 43-101 and aim for PEA. Unfortunately, old results we’re worthless, reason why they had to launch this ~60,000m drill campaign at Pine Point which now brings value to the company. IMO we should achieve 50Mt considering the initial MRE of 38Mt only contained roughly 25,000m.
Moving forward, we should get a feel of that excitement, positive exploration results shoud help gain momentum and lift the sp. Many of us waiting on the AGG survey results which should be out this month representing a big de-risking aspect to the story. Other news to be expected could be an updated resource estimate, listing to the TSX and some drill results headlines. Also I’m not too worried about dilution, my target reaches well above $2 in a conservative context. Wares being involved in many PP’s probably wouldn’t be pleased to hear his money has been spent foolishly and is also in his best interest to keep dilution low as he now owns roughly 11% of OM. I think we are in for a surprise, one advice, be patient.