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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: Valuepro who wrote (5094)11/29/1999 3:03:00 PM
From: VAUGHN  Read Replies (1) of 7235
 
Hello Valuepro

Thanks for the feedback VP.

I am very concerned however about starting in March with only one drill.

On average each hole takes about four days including relocations and that is not allowing for breakdowns. 15 targets x 4 days = 60 days If SUF starts even in early March, that schedule has them completing in early May. Even though Yamba is much further north than Munn, and allowing for at least 4 targets on land which I presume will be left until the end, that schedule still has problems written all over it. Add to that the fact that we had early ice out last year and so far this winter November has been the warmest in living memory, probably means the ice road will go in late and possibly come out early, and be chewed to hell from Diavik, WSP, Kennedy and BHP traffic.

I hate like hell to add another negative voice to the majority of the last twenty posts, but I believe we should try to convince management to get at least one other drill up there and/or to start at least mid February.

When SUF find a pipe, you know they will want to delineate it and especially if it visually appears to have exciting ore. That takes at least three holes and assuming five pipes are so defined, that is another thirty days on top of the sixty.

I would certainly like to hear about a contingency plan?!

Regards
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