RE:RE:$8 Million CashFor me, I always worry about the next financing and dilution after a drill program, and with BBB we at least don't have to worry about that for some time.
I think it's pretty safe to make a few inferences from what has already been done or announced. First off, in Atlin they drilled 22 holes, 18 of them in the LD Zone. You wouldn't drill 18 holes if the first 17 came up empty. The geologists/company as they're logging the core, known darn well if they're into something juicy. They wouldn't have drilled 18 holes in the LD if they hadn't intersected any gold or associated mineralization. So, given that, and past results there which had some crazy high grab samples, channel samples , drill intersections and a bulk sample, as well as highly anomalous soil samples...I'd say we'll see some promising results from a few holes. I just hope they took some chances and stepped out or drilled deep in the zone as well, and not simply played it safe drilling near previous holes.
Also, they constructed a 35 man camp in the Yellowjacket area, the one zone (and highest grade) where they didn't drill. Why build a camp (for a two week drill program) unless you plan on revisiting the area in the fall/winter. You wouldn't simply build it then leave it to the elements over the winter. I'm also pretty sure it was stated somewhere, or maybe from Mitchell (ir) that they were going back in...
As far as Thorn goes, I'm sure they'll drill as long as they can into the fall/winter.
As for the sp and strategies, who knows? Like I said, we definitely won't have a dilution over the winter months to affect the sp which to me is a huge plus. The other unknown factors are our other properties...could they possibly see small, limited programs over the winter months. Unlike most of the other GT plays in which their sole focus is that one property, we have Atlin plus other options.
I really like BBB moving forward from these prices...and have been liquidating some non performers to add to my position. I think we'll get a boost and some interest from the Atlin results...then we'll have holes released from Thorn where TWO drills are working TWO zones. Then at least one of those drills will head back to Atlin for follow up drilling...LD, the untouched (last program) Yellowjacket...and there's also the newly discovered Eastern soil anomaly region that could use some follow up work.
At any rate, like I said in previous posts, there's so many potential catalysts here, any or all of which will draw attention to Brixton and result in a whole new round of speculation and sp activity.
Have a good day!