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Message: Mother lode not on the horizon

Jan 19, 2009 08:41AM

Jan 19, 2009 10:07AM

Mother lode not on the horizon

in response to by
posted on Jan 19, 2009 01:58PM

My view is that the motherload type of stock rocket motor is not in the cards. The real play here is to actually bring a mine on line, and as such the SP will move better when EA or permit items come through for us.

Great drill results, in this environment with no drilling and maybe very little planned for this winter, are not likely to be forthcoming.

A news release Tue or Thursday, which is increasingly likely as we are two weeks since last news, and an important conference this coming weekend....may include a resource for Clan Lake. Sure, very prliminary at this stage, but will add ounces.

The real progress is on the geology, engeineering and consultancy to get a permit.... That's quiet and steady progress.

No mother load, just a destination which we will reach.

Once a mine is operating, there may be richer concentrations at depth, but that's after we have EARNIGNS and cash flow to finance exploration / mine life expansion.

SKELEG

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