GREY:NATUF - Post by User
Post by
optimist31on Mar 05, 2002 12:41pm
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Post# 4844238
RE: Summer Program
RE: Summer ProgramFor all TBR wanntabies pj's reference to a possible summer drill program AT CANTUNG should not be allowed to pass w/o notice.
Of course the significant difference would be that any proven reserves would be ONLY an addition at an operating mine site. However, because of that stated proximity, that future production would be at an ever deminishing fixed cost. Also, it goes w/o stating that existing infastructure remains in place, as does operating personnel etc.etc....
All above notwithstanding:
a) A drill turning often adds short term share appreiation,
b) A successful program adds to shareholder value, and
c) The interest thus generated usually brings in some new, long term shareholders.
Really still not quite a TBR, but remains my preferred tungsten play.