RE:RE:RE:RE:some dudes still selling at .12M0j0DaB1gE wrote: Agree with you there. Holes 1&2 proved the right type of rock was there. Albert Matter mentioned in the Jan 9 CEO talk that they encountered something to make them drill deeper.
'The good news is that, what we found as we drilled holes three and four encouraged us to drill hole four to 2,936 feet, deeper than the 2,300 feet originally targeted; but unfortunately at significantly higher cost…as you know drilling gets much more expensive the deeper you go. Drill core has been sent for assaying with results anticipated shortly.'
Personally, I am encouraged that the private placement was well subscribed and that they're lining up better drill rigs. I think we won't have to wait long into the drill process to hear good news...
They went deep on holes three & four for a specific reason. I will be surprised if they didn't pick on something. Guess we find out shortly:)
As for the pp closing quickly, that is no surprise given the quality of the individuals involved in the project & the potential reward.