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Strategies & Market Trends : Ride the Tiger with CD

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To: riverbank who wrote (84677)	6/6/2007 3:29:34 PM
From: Bat Man	Read Replies (1) of 313732

<CKG-How many rigs have they running now> I can answer part of the question. On Matates CKG has all of the core from Cambior that will be analyzed and brought up to 43-101 standards, some drilling will be required.. CKG is now involved in community relations (behind the scene stuff) so don't expect many NR's. About 12 employees working the project onsite. CKG has about 4-5 million ozs economical at todays prices at Matates. There should be no problem getting rigs for the project, The company has already received calls from drilling Companys about available rigs. It'll take 8 to 12 months to get update to 43-101 standard. Expect Nicaragua and some other projects to be JV'd , because Metates is a huge project, and will take time and resources. Don't expect any drilling 'till late this year or 1stQ next, like I said lots of core onsite to be analyzed.

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