Right now there is uncertainity "out there"...but...that is what makes a market! Let it do what it has to do!
The market would like to see a good percentage of the Cote Lake Deposit from the Initial NI 43-101 Resource Estimate of 4.22 Million Ounces @ 1 g/t moved from Inferred Resources to Indicated Resources...it appears that the market thinks they will disappoint or make adjustments to the Initial NI 43-101 Resource Estimate...that is nonsense!
From Management:
The infill holes have been drilled at various angles along the infill sections to provide better variography in the upcoming resource estimate. Several of the infill holes have encountered diabase dykes on the 50 metre infill sections resulting in some breaks in the continuity of the mineralization along the holes. These dykes, estimated to be approximately 20 metres wide, were not unexpected as they can be seen on the magnetic maps. Minor additional infill drilling may be required in the vicinity of these dykes to convert the resource in this area to the indicated category
I have totally trusted Management from day one of buying into the story and I will continue to trust them going forward. If indeed they require additional minor drilling in the vicinity of the dykes to convert the resources in this area to the indicated category...then so be it! If this is the case then "we" and the "market" must wait if they must perform further drilling in close proximity to the "dykes" and therefore the Indicated Resources will have to wait in these regions of the Cote Lake Deposit.
The "market" does not like uncertainity...thus...opportunity to pick up this stock at an unbelievable price! I believe they are making something out of nothing..."someone" is most definitely very eager to pick up the shares!
Management is doing what is necessary to better define the Cote Lake Deposit and they are burning out drill bits to no end! They now have only 1 drilling rig performing expansion drilling...the other 7 drilling rigs are working on infill drilling...in otherwords...move resources to Indicated & Measured as soon as possible.
Remember...some of the Initial Inferred Resources will be moved into the Indicated Resources...just how much?...we will not have long to wait!
The New Resources to the West...part of Section 89+00E to Section 86+00E will most definitely be in the Inferred Resource Category.
We must not lose sight of what we have...an incredible Mining Story in the making!
They just picked up another adjoining land package to the West...it is business as usual!
Digger144
P.S. Sit tight...and...be right! Not for the "faint" of heart!
Making big money is never easy...someone is always trying to take it away from you!