Channel Resources Ltd V.CHU

From IR on brine results

[BombVark]

"Indeed the results of the brine testing program for Fox Creek have takenlonger than expected, principally due to the length of time requiredfor baseline evaporation / precipitation tests. However, we areexpecting to receive an update on overall progress and results over thenext week or two and will issue an update on the project as soon aspossible."

Although it seems to me another poster was given the two week time line at the end of September, not sure of that though.

[Traikin]

I spoke with management at the Sept/10 Cambridge pony show in Toronto, where they told me brine report results were due in two weeks and then they were going to take some time to interpret them.I think we're looking at a gold play here!

[ragingcanadian]

Have to agree. I originally bought this for the LIT but it has now become a gold play. Im not so sure negative brine results will have a long term negative result for CHU as most people are now here for the gold. As for why the results are taking so long? My guess would be trying to figure out the most economical way of extraction. As I said before. This is Alberta. Dumping brine into evaporating

[ragingcanadian]

Oh. And the morons running Washington these days are going to start monetizing their debt. (They've been doing it a while through third parties but this is the first time they have come out and admitted it). They expect the US buck to drop by 20% over the next couple of years so you can make a guess what that will do to the price of Gold.We live in interesting timesRage

[ds760]

Given the recent new highs and the lack of volume the last 2 days I think the market is just waiting for the US fed to announce QE2 and then we can all move forward. Has nothing to do with anything else. Only a couple nervous small players seem to be active.