Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: Re: Planned Work

Feb 26, 2008 04:51PM
2
Feb 26, 2008 05:19PM

Trust me, your best bet is to call them and speak to Smith if you can or Debra. I called on Monday 4 pm Alberta time and got told that final drill targets are being picked from new data including ground work. Mid march is what I was told but that could always be delayed for whatever reason. I was also told that 2000m of drilling would cost $500,000K They had $1million and have been burning through it. They will obviously do a PP but it will be at higher levels that's for sure.

I did ask why don't you do a PP at $2 as 5 million share dilution wouldn't be bad. They are holding out because they truly believe they have a huge deposit on their claims.

I hope so because I backed up the truch a while back. PRB is a solid play also. Palmer is a stand up guy and has a PHD so he's no idiot, but in fact a lot smarter than a lot of the so called geo's on these boards, he's walking the talk at least.

GLTA McFaulds players.

Oz


Feb 27, 2008 03:24PM
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