Do we know if they are drilling now? Someone posted that they again stopped drilling or sent the drill back so I am confused as to what is now transpiring.
Drilling was stopped. Then late last week, drilling was to re-commence, the drills were readied, but before they could be deployed to site - instructions were given to halt.
Perhaps the $ from the PP is to proceed with plans to drill in Arizona instead of trying to prove up additional resources at Schaft; perhaps being that its felt at this time the return on additional drill results will result in minimal gain in buy-out negotiations.
Posters have consistently stated they believe Elmers preference is to explore - it appears that is the plan:
- while awaiting final preparations for Schaft decision
- to prove up a new property (otherwise why purchase)
jaf.