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Message: Mineralfields & Funding Issues

Re: Mineralfields & Funding Issues - Glass

posted on Apr 10, 2008 08:29AM

Glass, for someone who has never talked to management, you seem to think you have the biggest balls around. You talk with a lot of speculation. If you followed all posts on this board and talks with management, you would have noticed that some of the core samples are already being tested.

So without talking to managment (what you do best, let's work then on speculation). So we have taken the 500 ton bulk sample. Of that 500 ton, 100 ton has been taken for testing. Of that 100 ton a percentage went to Debeers and SRC.

So now, we have the results from SRC showing  only 2 diamonds. Now we have to solve the problem. Management right away took the drill back to the sample site and drilled. They drilled, and also took a look at the sample as to why it didn't produce more results. 

MMMM, hemitite seems to have been the cause. Right away caustic was decided.  They took a section of the cores drilled and sent that to testing. 

So now management (who is tight with money right now) decides to wait on the testing for the rest of the core samples. (Notice to reader: If what I say does not sound right, and I am not the best typer and grammatical person, and my sentences are breaky, phone management. Glass note to you, PHONE MANAGEMENT). If the SRC results show more diamonds, I don't believe there would be a need to test all the core samples. We would then know there are diamonds. But if the results show negative, we better get our a** in top gear and get those core samples out. We have shown there to be diamonds before, so we have to test those samples.

Glass, PHONE MANAGEMENT. I don't understand why all these people listen to your comments. Sure you ask good questions, but you haven't talked to management, you only sent an e-mail - which for all we know could've never made it there. If you want to play with the big boys you have to get the guts and phone the management, perhaps even drop by the office.

Anyways, if I haven't said it yet, GLASS PHONE MANAGEMENT!

There is a lot going on with Snowfield. For me I get sleep at night knowing management is trying to solve all the problems. They hired Jennifer, and want to get to the bottom of all the problems before moving on.

Graham also mentioned that they put a lot of focus on Mud Lake, with Jennifer there now, they are looking at all possibilities. Having an expert on the field who has gone through this before is a sigh of relief as well. The fact that she feels good about this mine should make us feel good about this mine.

Glass, we have spent a little less than $10 million to get where we are now. It took peregrine $20 million to get to the same point.  Management is smart with their money and sure they are tight on cash right now, but they haven't finalized the deal with Mineralfields and won't do so until they get some better results such as SRC or perhaps even the core samples. 

In the end, we are all seperate investors. What I say shouldn't convience or draw you away from SNO. What Glass says shouldn't draw you away or draw you closer. You have to do your own DD, Glass that includes you, phone managment. Talk to Graham or Fraser or if Bob is in, give him a call. 

All the best to you all

GLASS PHONE MANAGEMENT! 

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