Re: Talk with CC lately?
in response to
by
posted on
Nov 06, 2008 07:48AM
(Edit this Message from the "Fast Facts" Section)
Yes we all grew accustomed to getting drill results like clockwork every 21 days. So did the traders. As it was so predictable CC decided with support from the board to only release results no sooner than quarterly.
If these holes were step out drilling then perhaps it could be seen as withholding material information but since they are almost exclusively infilling then they can be released on a less frequent basis.
There is 1 drill in the new area and results have been sent for analysis. Now at the end of the year with our flow-through commitment reached CC may suspend drilling in the new area for the time being. By then there will be a sufficient number of holes to study to see if they will continue? This area was not just to look for more moly as with over 700mil lbs we really do not need anymore as we already have a 31 year minelife. It was also to make sure we do not put tailings or build the mill on top of a moly resource.