Post by
8saturday8 on Jul 09, 2013 10:29am
RE:RE: Big Numbers
I do not think anyone is going to dump 15 million into a project unless they see positive figures. It already is costing 5 million to get this far. If the numbers come out bad the stock will drop until they hit the target and get some real positive numbers. Whose ever financing this is probably on the property checking everything out and looking at drill results. If they did get financing there arent that many drill rigs available from what I understand. This was the only drill rig at the time that could go that deep. Yes you can go to smaller rigs that could be used on parts of the other properties but the production levels would not be anywhere near the production levels of the Monteray.
Comment by
bennyRubin on Jul 09, 2013 10:49am
Well then we should wait for the company to update us so we don't have to speculate so much.