marcos:
<<sdr.v - excellent, finally some results, they have sure had a time of it to make progress, year and a half now, had to buy a rig and get organised on their own, takes a lot of time ... but once done, they can control costs a lot better, as compared to contractors, and now if they're doing a hole a week as jack says, we'll have news flow all year>>
Stroud has certainly been a frustrating one to hold, but now I wish I'd loaded up at 8 cents a few weeks ago! I spoke to them for some time at the PDAC and I like the systematic approach they're taking. This is potentially a huge deposit, with *really* difficult land to drill. The hill slopes down at about 40 degrees, with the river hundreds of metres below, so they're basically trying to put in a fence of holes at the current level and then step down, put in a new access road at a lower elevation, drill another fence, etc. The goal is to follow the deposit down and use the slope of the land to reduce the depth of the holes, rather than to drill blind from here to great depth. And they're reluctant to get too far ahead of the assay results, in order to maximize the effectiveness of the drilling. Makes sense to me.
BTW I didn't speak to the MLM people at PDC. Sold that one at a nice profit about 6 months ago, but I still like it.
Cheers,
Howy |
