Post by
schocor on Mar 06, 2017 11:07am
New - Good enough for Me
They seem to be putting all their focus into the CH6 pipe. I find this strategy a little curious as I think expanding this into a higher tonnage mine is the best bet - but I understand their objective; prove up a mine sooner rather than later and explore the claim block as they go. A summer program in in the works - EVERYTHING THEY NEED TO COMPLETE IT IS ALREADY AT SITE. I read this new release positively - seems like they have a plan to get the $8M their need....here hoping it is not another rights offering.
Comment by
mill44 on Mar 06, 2017 11:20am
They could not go without any work on Chidliak. Very bad optics. 17M without a partner, with rights or PP is a tall order, so they went with the next best option. It tells everyone that they are working on the mine and that the cheaper entry point is sooner rather than later.
Comment by
ekim on Mar 06, 2017 11:54am
I agree with that. Having a planned summer field programme is 1000x better then trying to convince the world that no winter programme this year is because of deferral to next year. LONG...PGD EKIM