Re: Tuesday morning thoughts
in response to
by
posted on
Jan 29, 2008 03:35AM
Discuss the various junior resource companies within the McFaulds Lake Area
The drill results do add more information required to establish the tonnage and grade but since it did not 'step out' away from already identified boundry of DE 1 it adds little to Tonnage expectations.
Now that 3 drills are there 1 will infill drill DE 1 and one will step out to try and identify extentions of mineralized ore at both ends and depth of DE 1 . The 3rd drill will target anomalities within 5 kilometers of DE 1 (real close to start).
The biggest payoff for share price is first drill 3 because a visual of mineralization with nikel away from DE 1 will change the game completely and likely double the share price. Drill 2 that's probing to extend DE 1 can affect the share price but less and even then possibly not much until assay of those cores come in.