Richard, all,
I'm back home now (was posting from a friends house this morning while we made oddles of dressing), and have just read the PR in it's entirity. I see 3 very positive things here. The first is that chip now has a conventional placer deposit. Futhermore, the company is set to prove up this deposit via coc fire assay. I don't think any of the other dd's has any conventional ore, so this in itself immediately seperates CHIP from the pack. I'm extremely pleased with this development. We are no longer just another desert dirt co., who have to rely on much r&d before ever claiming a viable deposit. This is immensely important, imo.
Another big announcement here is the addition of Dick and Michael Bradshaw. Once again, Paul has shown wonderful business acumen by bringing in good people. We are witnessing the building of a company here... experienced mining people brought in to fill vital roles. Obviously the company feels the Bradshaws will lend considerable synergy to the work that has already been accomplished.
Finally, the company states that $900,000 of the $1.4M payment for the property is going towards a placer mining plant. I'm so encouraged to hear this. Straighforward and productive.
I invested in this company because of management. I've met them, like them very much, but most importantly was impressed with their business style. As I've stated before, Paul and Mr. Lovelace have a very large personal stake in this company. They don't draw outrageous saleries, or recieve large consulting fees. They own stock. For them to make money, this company has to succeed. They have shown me over and over again they are committed to making it succeed, and this is just the latest example. I'm confidant we are going to continue to see more good things coming, and more comfortable than ever with my investment.
Best,
Kim |
