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Message: A brief history of the chu

A brief history of the chu

posted on Mar 07, 2008 06:25AM
Incase you are thinking of selling perhaps you should ponder this.
I asked one day why did we start drilling where we did?  The answer is simple as there was a company in before us.  There was a road into the property, etc.  Makes economic sense as in reality there really was not that great of intercepts from the previous operator.
What we did is kept drilling and found that our resource was starting to take shape and higher grades/tonnages were found.
Now fast-forward to today. We now have the IP surveys on the property back, which appear to be a good degree of accuracy. This has really got the company excited as the new "couple of targets" have the potential, don't forget "potential", not factual yet.  Of increasing the chu to 3 times as big as it is now.  And as stated, "our resouce as it now stands would of been our third target". 
As of right now this is purely speculation.  The only sure thing we have is the 43-101. But consider this, look at what our neighbor Pacific cascade found on their property.  This is only spec of course but TTM could be a significant find for the entire area.  Could TTM be the "Noront of Moly", possibly.  In hindsite would you go back and buy Noront for $1.70?  I bought Noront early and sold it.  To date that looked like a big mistake.  Not going to make that same mistake here.
All specualtion here but perhaps worthy of discussion.
BBOB
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