S H Comments
posted on
May 16, 2009 05:42PM
Fodlart, I'm not sure but it was my impression that a virgin ore body like Langmuir North Zone was easier to permit than an older re-entry ore body like L1. Could I be wrong? Naahhh! Do you know what exactly happens with the change of the lease status? From exploratory to producer status perhaps? Is that easier for a junior to obtain than say a major perhaps?
Driller, I agree that it would be nice to buy back all 10pct of the shares outstanding, but only at these cheap levels. I think we can afford a few million bucks to eliminate some of the outstanding shares. I don't mind at all if my share of ownership increases in this project.
Oh to be sitting on millions of cash and be debt free!
I especially like the way the company states that it changed its bank deposits to government secured investments. Hats off to mgt for being extra cautious these days.