Re: Thanks for your support
in response to
by
posted on
Feb 09, 2008 07:56AM
(Edit this Message from the "Fast Facts" Section)
What is truly amazing with TTM is how they are so thoughtful in giving us their time to answer all our questions when ever we call.
I just cannot believe that a President/CEO will pick up the phone and carry on a chat for 1/2 to 1 hour. I try and limit my calls now as others should get a chance. Plus it adds credibility to everyones posts if it is confirmed by someone else.
And now Tom Brady sends an email asking for suggestions on how we proceed and market this company. Makes you feel like your opinion is worth something of value to a board who has unlimited potential and knowledge. I am sure there are good marketing people who can come forward with some good suggestions.
They have got an almost fool proof plan. Either we get bought out quickly or we just keep drilling and the price rises accordingly. If we are not satisfied with the offers well then we JV and mine it ourselves. Our board is filled with business people who probably would rather sell than mine it ourselves, but they are looking into that possibility already. If it is a buyout or we do this ourselves the longer it takes the greater the reward.
I would like to drill for awhile yet. We still have lots of money approx. 13 mil, our burn rate is low we could drill through 2008 with that money.
This all makes more sense now why they got a PP for 9 mil instead of the 2-3 mil that Crichy first told me. He said that deal was hard to turn down (good move guys). Dilution will not be a problem unless we take the next steps to develop this mine ourselves. The 43-101 report will likely give a few clues to our future.
I am very interested at what lies below our deposit. As the article says our "deposit is open at depth", but further down it says the property is still open in all directions. We had some dandy holes that ended in mineralization at 500m. I have know doubt deep drilling will uncover "the mother load". Think of the possibilities of a high grade starter pit then, go underground for the high grade. Underground mining is much more expensive than open pit, but with high grade it is very economical.
I think I may of just talked myself in to buying more shares Monday. LOL.
BBOB