Some thoughts on strategy
posted on
Jan 13, 2012 03:55PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
With the goings on the last few days it has gotten me thinking about the 'plan'. We don't know for sure but the general concensus is that the holes drilled are on the periphery of one or more ovoids. This makes sense foe a couple of reasons.
a) to test the information the Quantec gave us. ie. do we have gold and not copper, saltwater, buried scrap iron or whatever.
b) check the perimeter and if it's decent you pretty well know it will get better as you move in.
I don't think it would be a good idea to poke a hole right in the middle of the ovoid first thing because no matter what the results are the sharks would discredit them anyway. Then you have a problem. If you start moving out toward the outer edges and the core values are gradually diminishing, think what the manipultors are going to do with that.
So I think it is best to start slow, work our way up to the deep drills, then have the surface samples as the coup de grace to prove it can be a viable open pit mine. I just don't think it would be good to start big then work your way down.
There's no gimmies here, the likes of Barrick, Newmont, the Chinese or anyone else is not going to say, you know Lori. you and your stockholders are a pretty good bunch, we're going to give you a real good price on your claim.
As much as I disliked Primed's antics, he did hit the nail on the head when he asked 'what will happen if the results aren't up to our wild expectations'. I guess we found out.
One other note. With the addition of Donald Bastien of CTV to the board I wonder if this could give us exposure to BNN. I do believe they are affiliated.
Walkerboss.