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Message: PDAC Update on UC

PDAC Update on UC

posted on Mar 05, 2008 06:20AM

This is a repost from the SPQ board, from SnugTheJoiner. Very interesting. GLTAL jimmied

PDAC folowup #2

Posted by: SnugTheJoiner on March 05, 2008 09:47AM

There have been numerous excellent posts on this board and NOT's board. I don't have any extra "material" information which will drive share prices through the roof. Sorry :)

However, it was excellent fun being down at PDAC. As I mentioned in my post last night, drilling will begin on the Freewest Option at the end of this week. And Neil is looking for the "big one" on this claim.

In my discussions with Mike Kilbourne (Billiken Mgmt), he mentioned that he's putting the project plan together for McFaulds East (UC Resources) but drilling will not begin for a few months (2 or 3). However, line cutting and geophysics are ongoing in preparation for the drilling program.

I chatted with Jim Voisin (CEO, UC Resources). He is a great guy, and he is pumped about McFaulds. (He said that he had purchased another 115,000 shares of UC this past week. Do you think he thinks he's going to find something big? :)

FOR JOHN DEFUR: I asked Jim about the UC Option Agreement - the paperwork is still at the lawyers. It has not been signed. However, that should be completed shortly.

FOR KELSEE: I asked Neil about getting another Investor Relations person. He said that he was not interested in getting another individual, and was looking into hiring an IR firm - but not Agoracom.

I think I've answered some of the questions about drilling at Freewest and UC - hopefully I have.

What really became apparent to me while chatting with Neil, Jim, and Mike was the incredible amount of planning that goes into mining exploration. It's all about manpower, food, camp sites, drill rigs, logistics, planes, helicopters, aerial data, lawyers, money, and much more. It's not just about punching a hole in the ground, finding 50% rhodium, and watching share price go through the roof.

Hey, I've got to go. I'm selling my house, we're in the middle of a snowstorm, and some body wants to see the house. Will post later.

Snug


Mar 06, 2008 04:27AM

Mar 06, 2008 04:47AM
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Mar 06, 2008 05:59AM
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