Hi Tom, that is quite the post. As I am a Director of the company, there may be a few things that are difficult to comment on.
You are right in your first comment that KRL is interested in testing the Cook Property further to determine if significant mineralization is present throughout.
We, at Tandem Capital also realize that the stock has been around a while and is widely dispersed. As we feel KRL has strong assets, we anticipate the large viewing audience could be a benefit as KRL beefs up the work programs on their properties.
As far as your comments about money and the geology of the properties is concerned, the situation looks something like this;
1) the debt you are referring to was approx. $70,000 and this has been paid.
2) KRL will have a better understanding of the Watson-Liard property once more results are received back from the current drill program. If initial indications are positive, either KRL or perhaps a J.V. partner will perform more work on this property. This will be determined in the near future.
3) The Cook Property will also be further explored and evaluated over the next 30 days or so.
The minimum expectation for the spring and summer work programs is to perform work on key properties to determine if they warrant additional work. I guess you could say this is the traditional drill or kill program.
As you have mentioned, the first targets being addressed are the Watson-Liard Property and the Cook Property. Both properties, if results indicate further work to be done, could be candidates for a J.V. partner. After the work has been done on the properties, KRL
will have to assess what it would cost to do the necessary work, can it be raised, and how? If there are companies interested in a J.V., is the deal going to be beneficial to KRL?
The idea of raising the initial funds was to perform necessary work on the properties to determine what needed to be kept and worked further and to determine what type of program would be needed to develop the appropriate properties further. With the current budget, KRL anticipates being able to actively work their properties right through the summer months. During this time KRL will explore several alternatives to raise additional capital to continue work on their key properties.
I hope this helps a bit and answers most of your questions. If you have any more feel free to ask. Keep in touch.
Doug
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