RE:Excellent discussion, folksEvenkeel,
To me, choosing Delta over all of the other surrounding players is just a no brainer. $11 million in the treasury with another $5 million implied in the warrants/options means that both Delta-1 and Delta-2 projects are practically trading at less than $30 million on a fully diluted basis, perhaps even less than $25 million. I would have to think that to the extent that there is going to be consolidation in the area, that Delta will be the one with the upper hand in that regard by far.
Of course, that assumes that drill results turn out the way we hope, but it is no more of an assumption for Delta than it would be for any of the others who are way behind them. By the time this year is over, we will have over 20,000 m of drilling done while everyone else is either dormant, scrambling for funds, still doing geo work, or just beginning initial drill campaigns, putting Delta way ahead of the pack if the Delta-1 property turns out to be the hot spot of the system.
Until then, my concerns are 1.) to the extent that they are trying to aquire other properties, to what extent are they necessary or would they just be icing on the cake and how much money will we blow to get them 2.) why so quiet on the additional holes drilled so far and the hole 39-41 assays.
As far as your reaching out to Andre - two people on the CEO board were supposedly able to get ahold of him, with one on a very bad connection. Take that for what it's worth.
All IMO... DYODD