had a great conversation with Rob Riley this am. First, they did not raise the full 2.5M they were hoping. About 2M will land in the till. About 500k shares to Canacord, 1.5M to Bolder/RBC and a few hundreds k's to insiders at $0.80.
Talked that Dingman property would come in with about 540K ounces confirmed and 150K inferred.
They have raised enough $ to go ahead with a 42 drill hole program at Atwika Lake.
They are hoping to get to 1M ounces at that location. Local geo was excited by last visuals there and assays should be included in NR this week. He said NR Tuesday or Wednesday. This NR should be substantial :))).
As per my post on OPW they are working on 2 things: Opawica has initiated a preliminary scoping study and an independent resource study to be completed and included in a 43-101
I asked him about the preliminary scoping study by itself, if it may be ready for this NR. He said that is what they are trying to do!!! This is what I believe is moving the market! The next 2 days should see lots of action!
Glorieux
