Re: beneficial?............
in response to
by
posted on
Sep 21, 2008 10:19PM
The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.
"(I saw a picture that an investor friend of mine took who has had a tour of the LBE mine - the picture had two signs on a post - one with an arrow pointing in one direction that would take you to ISM property .. the other sign had an arrow pointing in the other direction that would take you to LBE property)...this to me would imply that the properties are *very* close to one another and thus good news at one property is good news for all adjoining properties."
Not much gets past you! Which side was your friend on? .......LOL
There are so many adjacent properties in the wonderful Shaw Dome.
It's all so anti-climactic since Vanchester told us there are no "veins". Just pockets and nodes of Nickel. Thought it would make for some interesting cross company blends and future synergies knowing that the underlying resource knows no man made boundaries? lava flows where lava flows........LOL
"Whoever it was that said that maybe Langmuir#1 and Langmuir#2 were maybe connected is probable wrong. The geology of the Shaw Dome is such that "pockets" or nodes of nickel bearing rock occur and not long massive stringers."
Dang it's hardly worth getting into the helicopter for that VTEM now. Guy just gets to a hover and has to come back down cause he's all done.......LOL
Bux in Sarlock's notes from the meeting, I saw mention of selling a "shaft" for cash over at the LBE camp? Is that the shaft that is near ISM existing claims in the white staked claim below?
"#1 & #2: Gary seemed confident that he knew where to get the financing and that it didn't require much more than a few phone calls. He indicated that he has been approached many times with offers, so he is confident he can raise the short-term financing required, though he did mention that it wouldn't be cheap. Unless he is unable to find a creditor, there will not be any additional shares issued... though the creditor may want warrants like Salman did. We'll see I guess, but I am fairly confident we can receive this financing without significant (or any) share dilution. Gary said that they are having a good look at whether they should sell the Redstone shaft (since they are not using it right now and have no use for it for a couple of years) for a couple of million and a couple of pieces of machinery (drum hoist) for additional cash. Once/if we are making good money, we can buy them back when we need them."