Re: Possibilities
in response to
by
posted on
Nov 29, 2010 11:52AM
Thistime,
I don't necessarily disagree but there is a huge gap when PRB or the takeover companies try to establish a price for either the 45% ownership of the West Timmons property or the Borden Lake claim block. As far as I know there is no resource established for the West Timmons site and only a preliminary drill program on Borden Lake. Does our BOD agree to sell either for moose pasture prices? I hardly think that the CEO is waiting on fire sale prices which brings us back to a hostile takeover which I don't want but can do nothing to stop.
The best move in my opinion would be a sale of the chromite and completion of Phase 2 drilling at Borden Lake followed by a 43-101 report. We also need some progress on what happens with PRB's 45% ownership of the West Timmons property as well as 'did LSG do the required work on the property to claim 55%'. Will this happen maybe but nothing is safe in junior mining companies. Just my opinion.
MH