Post by
CaseProdemo on Jun 10, 2024 1:37pm
Hole 056
I did mean our succes for current shareholders may hinge on these 056 results.
Worst case is what I am talking about. I still beleive we will be succesfull below the Con deposit and end up buying the con mine. Let's say I give it 20% it is not going to happen.
If we do not find more gold and he decides not to buy the con mine, the stock price will stay low and he will have to dilute again for even lower numbers. Going north will be possible without the con but set us back a couple years at a minimum and the stock will be stuck untill we have a plan to put a mill in North of town.Still a great project for new shareholders like Sprott but not so much for us old ones that payed a lot more.GP will be fine as long as he keeps his job for 350k.This hole is that important in my oppinion.
Comment by
red on Jun 11, 2024 8:12am
75-125 meters away from the target last week.....we are likely into it this week ....shear indicators have been found ...does GP tell us or waits until we are thru it? Only he knows ....next steps need money for wedges and winter drilling north timing should be perfect to do that...gonna be interesting..
Comment by
CaseProdemo on Jun 11, 2024 11:47am
What if the shear is 200 meters wide down there? It could take another week to get to the other side. Pockets everywhere. Gold fever.