wood64112

4/26/2011 10:42:38 PM | | 68 reads | Post #29633088

Had a very good chat today about many concerns, including some of which we are all wondering about on this board. Here are just a few:

- The PP is over subscribed, and will be closer to $4mil. Similar to last year I see where we did $3.75 in the end.
- 14 mil warrants about to come due in Mid May at .30. Will they expire, or get exercised? If exercised, this will bring in another $4 mill. It seems the PP was filled by institutions looking long term.
- There are drill results ready to be released. After PP anouncement.
- Drilling is going well, and from what I gather, we continue to hit gold in every hole.
- The ultimate goal this year is to get a 43-101 out, with a goal of 1 million ounces. Everyone seems to be confident it is achieveable. When I was at PDAC they were all talking like it was doable.
- Good turnaround at the lab. On average of 4 weeks.

Anyway folks, we will see soon enough which of these items will materialize. The next pice of news will be the anouncement of closing of the PP. And then we are off to the races. Lets hope this is the year we get a share price equal to the value of what we have in the ground. This is way undervalued in my opinion. I think we can all agree on that.

I have anther order in for .25 for a week now, and can't get hit. It seems this won't go below .27. May have to bite the bullet and anty up. I've purchased at .16 and .29 already, so .27 may bot be too bad. In the end this is going much much higher, so these prices will definitely be a bargain in the not too distant future.

I recommend everyone call the office. They are a very acommodating group of guys, and easy to talk with.

Good luck to all."

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