Post by
smitini on Feb 26, 2006 1:23am
All on Track
Very good news with the Inuit agreement.
Good to see an aggressive drilling program. Am glad they are not losing their focus on reserve expansion.
Next step - permitting - at the end of March. The Inuit agreement will almost ensure that this is a slam dunk, given of course proper environmental procedures - which should be a given.
Conservative valuation - my figures - put this around a billion - since they will increase their reserves - plus or minus 20%. I figure about 3-4X the current share price.
Who's selling now?
Smitini