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Message: NI 43-101 update soon

I don't think it will matter a lot....people already see the results....and can easily surmise another 700,000 to 1,200,000 ounces.

Yes, of course they have to publish it !  I suspect we will see a flow through offering in the 3.00 range +/- 0.50......and Dave P might wait for results from the final program before proceeding with the 43-101.  He also might wait and see if Cadillac break holds good value late November.  Typically Dave P will not announce any drilling unless they are sure it will be positive !  

Everytime they hit gold they have to drill "step out holes" to include the results in a 43-101. A slow process.

Still waiting on all the drill results could take us into Q1 next year.  No worries...!!

Gold is rising...and may break 1350 to 1400 by December...so its all good.

What I don't like is the amount of ownership Goldcorp has !  Hopefully a flow through offering will be picked up by another group ....diminishing the % ownership Goldcorp has.  Remember after the last go around unless you got out of Goldcorp before it crashed, you got burnt !! 

Another year to Wait for Detour...results or drilling.

Should see :

  • Offering
  • # of drills spinning on Cadillac break east
  • results stating % recovery of the gold type drilled so far 
  • Cadillac Break East...( look at AZX results today ! Orenada Zone Cadillac West !! )
  • 2.00 to 2.25 by Nov 30...

Possibly..........

  • More land
  • Positve news on West Porcupine ( some sampling or drilling results )

At least PRB has some Cash ...most juniors are financing at low prices ....and seeing a ton of dilution.  TXR, AZX...to name a few.

It's all good...nice to see a finance at 3 bucks...be even nice to see a fair market value swap for AZX plus shares....then PRB will really rock ! AZX ..........Boom 4+ million ounces plus a deep enough treasury to keep drilling hard for a couple of years.

Minimize Dilution through a share swap with some cash ....just a thought. 

Till next week...

CT 

 

 

 

 

 

 

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