Well i have followed the company for a couple of yrs and they have done fairly well not waisting money, paying a lower fee for consulting from in house is not a bad idea. I made more than that watching my screen the last 6 months.
The loan it looks like it should be repaid by now or re-upped. I can add that i was just offered 875 k at 3.5 to 4 % from an entity i am not on a personal level with.
Remember the gold starts at surface in many places.
The high grade at depth you mentioned is not that deep, most high grades in the 200 meter range.
The 3.7 grams over 75 meters was at a depth of maybe 200 meters, 1.8 g/t over 275 meters starts at surface in soil.
22.2 g/t over 15 meters was about the 200 meter mark.
5.7 g/t over 76 meters the same.
1.5 g/t over 335 meters not too bad starting near surface.
They hit on 25 out of 25 holes last yr so they seem to have a plan that is working to not waist holes. Probably 75 holes this yr, announced soon.
Should get news soon on this....Chrome Mountain Project in the Stillwater Complex of Montana (platinum group element and gold targets) which is currently under joint-venture.
Del was also instrumental in helping Bema Gold obtain the original permitting for the Buffalo Gulch Gold Mine in 1992, prior to the mine being put on care and maintenance. He is now ceo of pem and pem owns 100% of the 30 k strike.
Should have over 1 million ounces now with only 4% of 30 k strike.
