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Message: Drilling? Not quite yet...

While the news is generally good, there is still quite a bit of vagueness and weasel wording. Is "financing has been recieved" the same as "money has been received"? I hope so. And what are the terms? How much dilution? And obviously "the drilling program is underway" is NOT the same as "drilling is underway". They have to do quite a bit of work in the Sinker yet, and the contracts for that have yet to be awarded. As for above ground drilling, the failure to get that started last year, much less this year, is inexcusable while money was being thrown at a mill that was costing more to run than it was producing at 20% recovery.

Again, good news, but I need more and more specific information before I start cheering. We're obviously out of the woods, but the timeline is still much longer than we had been led to believe.

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Jul 17, 2012 02:54PM
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Jul 17, 2012 03:41PM
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