RE:The drilling hypeTurbulenz, sorry to hear it, IMO the reality is most likely these guys simply don't have the goods on these lands, nothing to do with lousy management necessarily, but to date, if you can't confirm more the 60% mineral reserves already core drilled, verus mineral resources on 3 million oz.'s that leaves the co. with roughly 2 million oz.'s reserves as I suggested previously on this board.
Please tell me what buyout company would look to acquire these speculated resource oz.'s which are confirmed? it would take 100's of thousands of dollars or more to build and actual mine, so these resources are a pittance in terms of actual returns and realities.
Yes they may get a buyout regardless at some point unless they can pull a genie out of the hat bgut more likely die this slow death for pennies on the current dollar if it happens. Take into consideration the mining sector is generally in the toilet currently and it's a doubgle whammy for the forseeable future.
As I suggested before the signal for me was the 10 bagger rise from .17 to 1.70 which i was lucky enough to participate in. Like so many other spec juniors that WAS it and the sure signal not to go back, cheers and good luck getting out.