Re: Ice Drilling Update
posted on
Apr 23, 2014 04:34PM
Captaintime,
At the bottom is your original post. I just changed the title to " Ice Drilling Update", just in case the original post is deleted along with others under "Lost in Translation" title.
Quite relevant info and interesting tidbits, especially the part about financing. Your post says: "financing is probably already completed..say 4.50 and a 1/2 warrant at 6 bucks. Another 30,000,000 shares ( 20 and 10 )".
Comments: You must either have a super-duper crystal ball, or an amazing ear for low-voiced conversations at the local watering holes, lol.
goldhunter
Below is your post, verbatim.
------------------orginal post by Captain time----------------------
Yes, well 8 drills probably due to logistics..650 - 750+ metre depths ( i assume ) So might only have 26-30 holes total to report. Need to keep the ice clean from drilling mud etc so precautions slow down the process. Also, need to cement preferably a swelling cement ...a 6" bore hole require 12-16 yards to fill ...otherwise you have a Swiss cheese designed underground mine. Apparently, got to 2600 SE.
Last drill left last Tuesday around 3 pm. 21 day pause right now...start drilling late next week or ealry in the first full week of May. Yes MICON has everything Probe will put in the release.
This is a good one....financing is probably already completed..say 4.50 and a 1/2 warrant at 6 bucks. Another 30,000,000 shares ( 20 and 10 ).
Can drill for 2-3 years....or get taken over. At 10 + million ounces this will get taken out for sure.
Good Luck !