Anything is possible. But why not buy when the stock was cheaper? We have seen it at half of todays going rate. Why not let the company keep drilling to prove up that Micon hunch and let someone else pay for it if you are being a vulture and eventually going to buy us up? If it were in the works, why now? How about our failed spin off, why was that dropped of the radar.
We know the majors like to do that, buy out the little guy after they have done the lion's share of drilling and exploration. Heck don't the majors simply want to buy resources and sit on them until need be. Especially if they have mines that are currently feeding milling facilities that may be at lifes end. Prudency would say that's the way to go if they were forward thinking. Contingency plans for the next cave in?
Any idea what we may be looking at here if they do succeed in proving up the balance of those Micon recommendations? Open pit goods all they way and the option to go deeper at a later date if need be.
The old talk of the entire Shaw dome being a target comes to mind doesn't it? (Darcel) Credit minerals are a plus as well and with copper heading to new highs, gold at $1200 an ounce, wow.
Look forward to hearing how things are going wrt those promised Q1 2011 43-101 update expectations. Better yet, I would like to see what those investment plans are for UMJ. Cool if we got our dewatering permits in place and started work there?
Wonder when our new COO and Pres gets to yap it up?