My gut tells me you are correct Andy. I heard a rumour during the vanishing 007 pdf episode that the talk around RiceLake was that they found what they were looking for. I am a thinker and I did wonder why they started the ramp to 007 without hardly any infill drilling to confirm the size of the deposit. I also wonder if some of the developement ore milled in Q1 was mined on the way to 007. The new model as reported in the corporate presentation now confirms that we have one large system rather than several smaller deposits.
Site and Zone Location
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New LiDARSurvey highlights shear structures extending well beyond RL Mine unit
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Confirms new geological model
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Large, single mineralized system
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Targets located at intersection of shears and trend lines
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Replaces previous geological model
A year ago I was saying to detractors that the Hinge changed everything, now I can safely say that the 007 is confirmation. As the drill bit unravels the story underground, plans are made based on the latest information. They can do a lot with $130 million so I would assume we should see results sooner than later. Interestingly enough Mar2 they announced a $4.05 FT when the stock was trading at $3.50. They sold the 6 million shares and announced it March 26 in spite of the stockbottoming around $3.16. A month and a half later we hit $5 bucks on May 12th. SP is anybodies guess, however if I had to guess I would think we might get a short term shakeout followed by a rise to 5 bucks plus real soon.