RE:Gold and Red LakeIf you've done your dd you know they've recently raised $500,000. That's plenty for an initial exploration program to map, sample, strip/trench and sample and maybe a little geochem or geophysics. No need at this point to drill, no time. It's much better to conduct a program in a sequential manner not just simply jump in there and start popping holes which just burns through a budget with limited if any success, and then little chance of follow up support/financing.
How do you know professional geologists aren't involved? Just because there aren't geologists and miners on the board? Surely you don't think they are conducting the exploration program without geologists? You do realize that most explorecos. hire consulting geologists for the term they need and to fit their needs. Why pay to have geologists all year when you only need them a few months of the year to plan, conduct a program,write a report and make further recommendations. And you can also hire firms to meet your needs...need someone to specialize in the western cordillera...hire them. Someone for the Canadian Shield? Hire them. REd Lake specialist? Hire them
what this management does know is how to effectively manage and finance a company with minimum dilution all while getting the most bang for investors' bucks. Id be quite happy and a lot richer if my other explorecos. were run in the same manner.