Re: source of additional ounces
in response to
by
posted on
Nov 04, 2008 01:52AM
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I agree with Skeleg's point about growing the resource by further drilling.
At the Hard Asset conference in May, Dave mentioned that Ormsby had the potential for the biggest resource. Dave stated that the deposit was an Archean (?) deposit in that it grows its resource---it will generate cash as you explore and define new ounces that were not present in the original resource plan.
As for winter drilling, Clan Lake might be best as there is the problem of protected vegetation, and they can also use the frozen lake for transportation.
Maybe Richard can confirm my recollection