Hello Uptick
Regarding your observation: It is doubtful they already have a find for the market would be more nervous...right...
I imagine that Falco runs a very tight ship, they must or I and others would be getting a great deal more information about what's going on. Consequently, if the market knew that nothing had been found, it would have been shorting the hell out of CMD weeks ago. If it knew that major MS intersections had been hit, it would have been buying the hell out of these plays weeks ago.
Instead, whats happening. Every time some investor gets a little nervous and bails out and the price dips a bit, somebody is stepping in and buying the dips.
Consequently, I can only presume that Falco has totally shut down any potential leakage of drilling results, which isn't all that unusual. I know SUF always did a hell of a job in that department as do most reputable firms.
So the only reasonable conclusion I reach is what you essentially reached with the remainder of your post. In simple terms, successful businesses don't generally throw good money after bad! Or to put it more bluntly, businesses only spend more money than budgeted when its investment promises to provide a good return.
What possible logic would Falco have to incur the additional logistical and financial costs associated with working drills and crews longer, even into December when there isn't more than 5 hours of daylight in Labrador, its -20C and blowing snow?
The only reasonable conclusion is that Falco has found and are recovering something that is worth all of that additional trouble and expense.
What's the alternative? To simply drill more "dry" holes in the middle of winter? If Falco's holes were "dry," why bother, when it would be less expensive, more comfortable and more efficient to pursue other drill targets next June?
One last point, I made another statistical error on a previous post. There is one other major Ni/Cu/Co deposit that boasts a high grade which is actually much bigger than the one at Raglan. It averages 3.6% Ni and coincidentally it is also a Trochtalite gabro (sp?). It is of course Voisey's Bay,... not too far to the north from where Falco is drilling, on the same suture zone and in the same geological setting.
You're more than welcome and good luck.
Vaughn |
