Obviously Worth Thinking AboutMike apparently has been persuaded to walk away from a known Mildred Peak drill ready target with a trenched surface expression of aproximately 300 feet in length by 26 ft in width (75,000 square feet)with an average grade of about .34 OPT Gold, and with one trench across the zone that ran 52 ft of .17 opt gold.
According to Somerville, this target can be inexpensively mined from below. Low mining costs are something not contemplated in Red Lake, when dropping a shaft can cost $50,000,000.
Kazzman says "this (red lake) will be an exciting target." I say Hype. There is no simply technical information published that justifies that statement.
My bet is that you, Mr. Kazzman, are on the Hype side of the equation.
I wish everyone luck... but...where is the Technical report posted that justifies walking from Mildred Peak for something appears to be a well hyped piece of moosepasture?
BTW: Dreamers keep in mind; Word is out a UNB board change has been slated in connection with the Redlake aquisition, and, the 3,000,000 share PP. Obviously a change of control? If so, Shareholder approval and the requisite 43-101 technical report will be a TSX requirement. According to the solitaire news release TSX has not even been included the loop.
Besides taking several months to possible approval of Redlake there is another hard question:
Given the fabulous Placeritos results that Golden Arch has just managed to raise ($700,000) so much money on, how in the world do Mike and Les come up with an "acceptable" agreement to change the Mildred Peak agreement without approval from the TSX and the shareholders whose money they used to get the great results?
If a a few holes are drilled, and the expected billion dollar deposit is found at Mildred Peak, apparently on the backs of UNB private placees, who will pay? Mike? Les?
Mike and les appear to have painted each other into the same corner. Anyway...Good luck to all.