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Strategies & Market Trends : Ride the Tiger with CD

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From: rubbersoul	11/23/2004 11:56:59 AM
	Read Replies (2) of 312821

Just talked to Don (IR) for NL. NL management are very happy with the latest drill results. They are particularly encouraged by hole MW- 03 which is in an area with no previous drilling away from the main pit. He said that the grades were higher in this area and ran deep. They have a second drill on site now and activity will double. They should be releasing more drill results in the next several weeks (2 or 3 releases). He said they have a massive system (highly altered) with the potential to produce multi-million ounces (high and low grade). Also mentioned that majors are in constant contact with them wanting an update on their progress. Don is also intimately involved with Dasher as well. The team is working on Juliana as we speak. He said you can tell the superiority of Juliana by just looking at the rock samples in the office. They are currently "mimicking" the sampling done by CKG in order to verify the results and to also get their own sense of the property. He said he would never have believed in his lifetime that he would be given the kind of opportunities NL and DAE are giving him. I am keeping my NL and DAE! FWIW John

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