GREY:VITFF - Post by User
Post by
dbbclbon Nov 21, 2020 6:02pm
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Post# 31947744
Winter Drilling (2)
Winter Drilling (2)Still wondering why this team refuses to get involved in a winter drill program. We have targets at Raven that are clearly well positioned to develop significant deposits. Why are we waiting until probably Apr or May to start a program to prove it up and build S/H value into the price. By waiting, we once again will not have results until late summer. Last year we drilled a meagher 35 holes - at this rate we won't prove up the Raven resources for 2 more years. Drillers are independant contractors and usually welcome the work, especially in the year of Covid. It has little effect on the management nor the general operations people on site. Yet we chose to miss an opportunity that could significantly define the resource before we enter the spring program and firm up some positive estimates of the resource. It is not like management has to sit up on the rig while the drilling is going on. Funds are available based on 3rd quarter reports and we continue to sell product to bolster the bank account. What is the problem here!!