Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: Re: New shareholder
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Aug 23, 2010 12:28PM
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Aug 23, 2010 12:54PM
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Aug 23, 2010 02:24PM
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Aug 23, 2010 03:09PM
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Aug 23, 2010 04:08PM
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Aug 23, 2010 05:41PM
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Aug 23, 2010 06:26PM
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Aug 23, 2010 06:41PM

It is a question of finance. Ideally, you want to get your project value up so you can get your share price up then finance a bigger amount at a higher price. In the last year, we have had finances at 7, 12 and 18 cents. I am hoping the next financing will be at $1.00 or higher and for 10M dollars or more. This kind of deal will permit us to increase from 1 drill to maybe even 3-5 drills depending on if we get good results on Sugarbush and Laval's Mountain. We already know we have VG in Beland after only 2 holes so we could use a drill in that area...maybe we could even drill where we were supposed to lol! Then we need one on Snow White and area, maybe 2 of them there to get us the drill hole spacing we need to get the 43-101 done on this property. And if the regional programs at Sugarbush and Laval's Mountain are successful hopefully like Beland, then we would need another drill for each of these projects.

First bring on the results, then the SP readjusts to correspond to the new information. Then we do the financing then we see what we really have. These things take time but they are getting things done and the SP is following the action closely.

Glorieux

7
Aug 24, 2010 07:19AM
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