GREY:RGVNF - Post by User
Comment by
Monedas1on Nov 28, 2005 2:16pm
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Post# 9930600
RE: Red Mountain Review and Quantification
RE: Red Mountain Review and QuantificationYes, this is true! I understand that the review is taking place now at the request of Regent's management. This effort is to first build a model of the Red Mountain results to date including the joint venture holes with ASD and then to try and quantify the resource (See my previous posts).
At the very least, the effort will provide detailed drilling targets for next year's drilling season and a means to raise money through an option to earn 25% interest or more type joint venture or for a private placement at a much higher share price that we currently see to finance that effort.