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Message: More from Brian Maher

More from Brian Maher

posted on Aug 13, 2009 05:21PM

Just got off the phone with Brian Maher, a very good phone call indeed. Of course it's impossible to obtain deep particulars between press releases, but the overall flow of activity and tone is very positive indeed.

Brian has been given the full confidence of the board to focus and consolidate the approach to pursing this exploration. That does mean press releases a goodly long time apart, but with not only good "meat" in each one but each with a solid technical background/foundation that will feed directly into the 43-101 coming in the next half year - they're not for how, they are a technical basis for development. He contrasted this with other locals such as Premier which have a different situation on the ground and are at a different phase, and have chosen more frequent and smaller releases, kind of like we had in '07. I made the point that the less-frequent, solid, professional releases, over time, sift out the investors and the serious ones like myself and those here on the Agora board are the ones holding much more of the float by now - and I have a strong feeling we will benefit from that (although I'd sure love to know who put another $1m in when the stock recently went to 80 cents).

A lot of exploration in the preceding months has been done on the properties that needed work to decide soberly whether to keep, drop or expand investment in - e.g. Brenbar, Wild Goose. There has also been a good deal of work at Bat (SE end of GM), and some holes at West Geraldton. Bat (I may have it spelled wrongly?) is quite exciting in that this area was presumed to peter out to nothing, and the reverse is happening, punching right through the gabbro. Gold Rush is getting detailed surface and near-surface work, and appears to be even wider than I just previously wrote. He did caution that such a wide surface lens can also narrow precipitously to a much higher grade at depth, so we will hear how such a thing is best mined. We will hear more at PDAC end of September.

There are two drills working right now at the NW end of the GM and Golden Pond, and right now they are both wedging off existing holes to depths roughly a bit less and a bit more than the deepest holes done to date. I have my toes crossed very much on that area.

A large number of results came in in June, and those are more than half way crunched to a solid analysis. Nobody knows when a NR is coming, but a gold NR is coming for sure. I conferred with mzsmith today and we'd be surprised if PDAC happened without a release.

The uranium acquisition was one Brian was very keen on, and of course Kodiak had to be quiet enough about it until acquisition, once they'd seen that the conductor continued clearly on to the neighbouring property.

Two things I forgot to ask were 1) uranium drill plans, and 2) Sleeping Giant base-metals work, which mz pointed out needed to be done to retain the property options.

Looking at the markets and the extreme low volume, this seems a great time to accumulate to me, and I've been buying. Am looking for more piggy banks around the home to smash, but it appears that mine are all in shards already, sigh. September people come back to work and the markets get busy again. I am quite afraid of a general market downturn - this bear-market rally has been running on momentum a long time - but a downturn won't happen until nearly all the pundits are in the Pollyanna boat. We're not there yet. As mz put it, this stock is severely oversold. Good luck to all ...

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Aug 13, 2009 05:30PM
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