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Gold/Mining/Energy : Golden Triangle

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To: VanTeu who wrote (42)7/20/2012 5:10:54 PM
From: klinker  Read Replies (1) of 493
 
short answer under option 2 brigade resources need only spend around $1 million on exploration at tennyson this year... The higher spending amounts included in the presentation would then be misleading... The tennyson stuff itself is very informative... Now teuton is infamous for being computer illiterate... still they managed to get around to taking the Brigade tennyson presentation down... hunter dickenson was probably not amused by teuton posting it...

one useful outdated element in the presentation was the plan to spend $3.5 million on property acquisition.. $3 million was spent by hdi on acquiring the tide.... so the properties will most likely be merged along with the other claims brigade has bought in the tennyson vicinity....

big step out holes are coming at tennyson..... they believe they have cottoned onto to a massive mineralized system... but $1 million would barely buy them 4000 meters of drilling if that...lets hope brigadespends more then a million because their first year target was to establish a preliminary resource estimate...

i can't wait for the press release so i can guesstimate brigades intentions... the presentation shows some of the intensity of their interest but option B might restrict their capacity to expeditiously move ahead
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