Revised calculation from thursday:
BMK started 12 holes drilling 2,000 meter starting 13 November, now has the assay result : about 2months
Norant : 29 holes drilled from Aug to Dec ,5 months work...
average > 6 holes /month /drill
assay result: will change to <40 days...( from BmK )
we will have 10 JV , each one spending about 1 M on drillings...
10 x 9 months work x 6 holes/month = 540 drill holes
Noront 10 months x 6 holes/month x 3 drills= 180 holes
since <40 days assays result...we will have at least 540+ 180=720 holes ...let say we achive 80% ..720x 80%=576 holes
assume: we hit only 10% jackpot (even with airborne and soil geo assistance),we still have almost 60 holes that are of qualities...
if we count the other 10-13 other companies like UC ,bmk(controlling at least 600 square Kilo),prb,tme,rox,fcx,fwr,kwg,mug, spq so on,there will be an addition of at least 300 holes drills with results this year...
Conclusion: our share price will start to fly starting in March and on wards, Cad 50-70 /share will be a minimum at the end of this year...
we cannot be like Bremex to cover up the truth,as there are so many companies working in that area.
Viva Richard,thank you in advance...