all the tools
posted on
Dec 22, 2010 11:55PM
Edit this title from the Fast Facts Section
Well, management seems to have a lot of tools right now to work with. I suspect that they must have a strategy and realise that it must be put in motion now. IMO, at this point in time, if they were to get that WILDCAT drill going,(or maybe two) and add at least another 2 drills on the southern part of the property, this would start to take off big time.
IF I were management, I would:
1) keep one drill doing infill on our 1km strike at California, to get enough info to do a 43-101,
2)put 2 drills to work doing solely step out holes south of the Pie de Gallo.
3) get 3 wild cat drills over the southern part of the property, 1 focusing on the foot wall of the main fault, 1 focusing on minor faults that can be determined from the geography and 1 focused on any other surface structures that resemble known gold structures in the area. Never mind sampling and being methodical in this wildcat area, we dont have time for that, just drill what would appear to be the most promising targets. You dont have to have a large intercept here right now, as long as you can prove to the market we have gold in new places. The further apart you can space these 3 drills, the better.
4) start pouring out news as quick as I could, the more drills I had turning, the more news I could put out. Make arrangements with 2 labs for assays.
5) would try to get a good idea who held most of the trading shares and get a guestimate on how many shares would accept a low ball bid.
6) get an updated valuation report done and published as soon as possible
7)keep the company together, the more valuable it is, the little more harder for someone to throw in an insulting bid.
8)if i could get the sp to 1.70 in three months, do a pp for 10 mill and pour the cash on the property if no bid had surfaced before this ( if the wildcat drills hit like I think, wait til $2 to do the pp and up it.
Any way, these are some of the things i would do, but manegment knows what they can/cannot do. Its easy for me to sit here and type it, but maybe much harder for them to execute these things. But, one thing for sure, if they could accomplish most of these things, I think the sp would be double pretty quick.