Hi Brandon,
Many thanks for the informative post.
You are correct regarding the "expert" on the Carlin Trend being on the Kinross payroll..... I do not recall his name. I thought it might be in the Kinross press release, that I posted (URL) above but my source for the release was LeRoy and his forum is still down. I do however recall that he, and the gentleman hired/under contract (?) by MIQ, are both considered experts on (as they say in Elko)....."the Trend".....
AND for your weekend reading pleasure below are some of the comments form "the good old days".....A couple of months ago :-)
COMMENTS FROM THE COMPANY WITH RESPECT TO THE LATEST PRESS RELEASES
1) What do the latest numbers mean ?
The latest drilling results prove the continuation of the zones, which is
the first step towards calculating ore reserves. In other words, the
stepout drilling is successful.
The grades encountered are economic (even at today's depressed prices) and
Bunker Hill continues to return results that are outstanding - especially
since they are so near surface.
We haven't drilled any deep holes as yet, as we've been too busy finding
gold at or near surface !!
2) Kinross
We are very pleased about this deal with Kinross. We feel very
comfortable with them and look forward to dealing with them. If that were
not the case, we would not have done this deal. You must remember that we
were not being forced or under any kind of pressure to make a deal. We did
not go out to solicit a partner, we were approached and subsequently made
an offer that we did not believe could be matched by others. To put it
another way, the risk of rejecting this offer and losing the opportunity
far outweighed the slim chances of actually looking further and finding a
better deal.
With respect to Kinross "sitting" on this project, it would be foolish to
believe Kinross would complete this deal and delay exploration. It was
avoiding this exact scenario which convinced us to go with a company the
size of Kinross as opposed to i.e. Barrick. In any case, they are obliged
to spend substantial yearly minimum amounts on exploration and development,
effective immediately in 1998.
3) Data
Many people have requested more and more information and greater details,
with respect to various aspects of MIQ. In some cases, these people are
looking for positives or negatives, in some cases they are trying to spread
misinformation or are conspiracy theorists, especially in a post Bre-X era.
To date, MIQ has attempted and will continue to release as much pertinent
information as possible so the general public can accurately judge the
merits of the property. That is not to say that MIQ will or has to release
every detail about it's business. The only negative for MIQ prior to
November 24 (which was created by market atmosphere and not the quality of
our results) was the lack of third party confirmation of our results.
Well, now Kinross has seen it all and have confirmed the validity of our
exploration program and the value of our property.
Given that Kinross has far greater resources, knowledge and expertise than
any individual shareholder. Given they had the time and access to judge the
quality of our work, our property and our techniqes, you should now feel
very secure about your investment. Afterall, Kinross has dedicated
millions of dollars and their good name to this project, which should now
put an end to all of the second guessing based on "conspiracies" which come
from some Internet sources and should give further credibility to those
sources which realized the quality of Railroad.
4) A final comment
MIQ is a well run outfit. The geologists carry out the work professionally
and management manages and "promotes" conservatively using solid backing of
quality results. We all take our roles seriously and the work is carried
out very diligently.
The Company follows the guidelines and principles of discovery and
development leading to mining. We are on that track, and are applying
solid management, geological, environmental and engineering principles to
all that we do.
As a result of this latest deal, MIQ's direction is now straight and
focused on target. The common obstacles which prohibit the growth of most
juniors have now been eliminated. The company will continue to grow and
will definitely have other developments in the future.
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