Don't you just hate the way CHM issues long flowing - detailed and informative news releases telling investors exactly what's going on.
And those phrases like - Fire Lake Property "Early best-estimates point to increased in-pit resources" or the Oil Can Property -"Should NI 43-101 compliant iron resources be identified at O'Keefe-Purdy, it could provide suitable satellite feed to the Fire Lake North Project and potentially enhance the economics of development."
or this Summary -
Champion's Fermont Holdings comprise seventeen properties, three of which - Fire Lake North, Bellechasse and Harvey-Tuttle - host a combined NI 43-101 compliant Inferred Mineral Resources currently estimated at 1.55 Billion Tonnes grading 25.4 % FeT, at a 15% cut-off. The Company recently announced positive results from drilling at the Moire Lake Project adjacent to the east of ArcelorMittal's Mont Wright Mine property. A Mineral Resource estimate for the Moire Lake Project is anticipated in Q3-2011. Seven of Champion's remaining fourteen Fermont properties contain combined Historical Mineral Resource Estimates(i) totalling 620 MT grading 31% Total Iron.
Oh - reminding the shareholders of potential 1.55Billion tons? - bringing it all together - hmmm - why do that - do it like peter - don't mention any numbers - post it on the website and keep the new shareholders /potential buyers in the dark.
Also doesn't it seem rather pointless that they are using 9 drills and over 50,000 meter of drilling is being done in this release - when they could just use 1 drill like Smith uses and stretches it over a prolonged period of years..... hey i don't think peter drilled 50,000 meters in his life and look where that got us -
Now that's not nice that they are showing us up like that... but heh - why run a business the right way - Just Do it the Smith Way - Incompetently.
Rago - That's a press release - not like the crap Smith writes!!!!!!!!!!!!!!!
Peter - do the honarable thing and STEP DOWN - you've tortured us long enough with your lack of CEO skills.
