Rainy River Resources

NI 43-101 Resources of 3.42M oz. Au Indicated and 3.17M oz. Au Inferred (Feb. 2011)

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Message: Re: what is happening
1
Jul 13, 2009 05:45PM

Jul 14, 2009 02:59PM
1
Jul 14, 2009 05:46PM

Jul 14, 2009 08:32PM

I am not sure but there were 2 rigs not too long ago. I think they had another break and are back at it now. There is supposed to be some activity leading to draining Beaver Pond in the Target 1 area for year round drilling there. From what the SRK report suggests they should have at least 4 going, using 2 for infill drilling and 1 or 2 for new targets. We all expect they will be doing a refinancing before the end of the year to "top off" the coffers. I only hope they manage to get the share price above $3 before they do it. At any rate, I would like them to get this infill drilling done in 6 months and plug the data into the model and see where we sit for indicated ounces, like at least 4 million!!!!!!!!!!

4
Jul 15, 2009 03:02PM
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