I apologize for not posting lately but as Lar has reported I have been away for 2 weeks.
In fact I am just home for a few hours and on the road again. I hope to comment further on Sunday.
In the meantime I commend Ian and everyone at Tribute for taking this opportunity to properly structure the company and position itself for future growth.
I was as disappointed as everyone else that the last drill was not successful. But as I discused recently with another company president, unless you have the money to conduct a more extensive drill program, you are taking a big risk by trying to hit a target with one drill hole. To put in into perspective it took Mineral Fields 144 drill holes to find what they were looking for at Voisey's Bay.
I understand that John Harvey is still very certain that what they are looking for at the Sunday anomaly will be discovered when they have the money to do a proper drill program.
In the meantime they prefer to create a pure gold company to take advantage of gold prices going forward. Possible buyers and investors are more interested in pure gold plays than they are in Tribute which currently holds both gold and base metals properties (a mixed bag).
I was recently accused of selling my Tribute shares and moving on. I am here to tell you that I have not sold a single share and will likely buy more. Investors are free to make their own decisions but I see this as a great opportunity.
More on Sunday.
SN