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Message: A Few Thoughts
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Sep 08, 2014 10:11AM

Well, for starters 26 million is a lot of drilling cash...! I can't see them putting it all into Borden. If they do it's because they have settled the land position. If not then it is easy enough to mine around !!! Especially, if East limb comes into play.

I think we will get news sometime over the next couple of weeks. We should have some drill cores expansion at Borden lake to see.

We already know their is gold at borden....how much ? well an advanced winter drill program will give us a better picture.

As for the 26 million.

That will provide a lot more drilling at borden...but probably only need about 15 million. I suspect the 11 million +/- will be earmarked for East Limb Expansion

Right now drills and crews are as inexpanisve as they get since a lot of juniors are broke !!

I am confident the order will be as follows :

  • Land position Clarified ( PRB move into the 3.50 to 4.00 range )
  • Winter Drill program will be announced ( # of drills etc ) ( 4.00 to 4.50 )
  • East Limb Strike...announced and advanced drilling plan put into place ( 5.00 + )
  • Announcement that the PEA is pushed to May/Jun 2015 so as to include the winter drilling results.
  • Chromite will sit or sell.....doesn't matter.
  • Probe will raise a little more capital at 4.50 to 6.00 bucks...maybe the final tranche required to start underground.

I just think 26 million is too much to spend in one place ( Borden ). Meanwhile price of gold should correct a little.....into the 1400 to 1500 range.

Any thoughts ??

You bring the shovel I'll bring the lime.

Captaitime

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