RE:RE:RE:RE:Fork
hankhenry44 wrote: Thanks. Very informative post. So raise more money, carry out the appropriate advanced geophysics and drill the best 2 or 3 targets?
They are currently drilling at Gochager. They don't need more money at the moment. They just raised $4.5 million and they had about half a million left over from the previous financing. So before they started drilling this year they had $5 million in the kitty. So they are looking much better financially this year than they were last year when they ran out of money.
This could still turn into a good news story eventhough Albert Lake didn't hit this time around. Hopefully Quinton Hennigh explains the geological relationship of the sulphidic iron formation they intersected at that deep target in the sedimentary rocks that is mostly likely the source of sulphur that the metals from deep within the mantle reacted with to form the nickel sulphides in the original Rottenstone deposit. I'm sure the geological experts are piecing all of this together and will have a lot more to say about it.