I Talked to Crichy, (CEO) this AM.
posted on
May 16, 2008 07:31AM
(Edit this Message from the "Fast Facts" Section)
reason for the delays in new target, still snow up there. Tom asked for the rig to be onsite in 2 weeks. We have our first permit and are awaiting for a second one. There will be a second rig available if requested.
Assays on the new targets will they be released like we used to, (as they come in), he said I don't know yet.
Next Press release, most likely will be the feasability study/NPV.
They were in the US this week touring a mining facility. Who's share value at some point this week was, $12.48. I asked, "how does our property compare with theirs'? He said "our resource is larger and higher grade. Was told by that company that we should, go for copper credits instead of just throwing it away.
I asked if he had any concerns about the recent SP? He said no, this is expected in the phase of operations we are currently in. I/we think the NPV should get the share price going.
First Nations, we have held some informal discussions and found out there are no issues such as burial grounds, and that the tailings will not be an issue.
We should now be Level 1 on the TSX-v. Next step is an application to the TSX.
I asked him , is there anything that could be seen as "bad news" and he said no. Other than winter refuses to go away everything is going according to plan.
Our conversation was very positive and I see no "red flags" whatsoever. Infact I have been a steady buyer this week.
IMHO those who are still in you may want to stay in. For those thinking of getting in, I would at least get started.
For what it is worth, both Crichy, sprott and myself have been buying...
BBOB