Richard, I certainly understand the need to vent periodically, I simply believe that Steve thus far has done a decent job in working within this forum, since becoming official IR.
Eric, I too agree that Pat has done a very good job at keeping investors updated on the Novawest forum. I have always found Pat easy to reach and reasonable to discuss things with. By all personal accounts he is a gentleman who has earned the respect he has garnered.
Steve, the fact that the company has a low cost per ounce of proven reserve, is admirable, however, that was partly achieved by "extending the reserve base on a known target. This was done at the expense of the exploratory work that is still required on other parts of the properties. There has been numerous references to the apparent evaporation of drill results from other potential targets, this is not only of concern if they came up dry, but is also of concern as to how they can be done and not released. By the very nature of their exploratory value, they would be material to this company, regardless of what was found. If they are all dry then that negates prospective value from the property and if they aren't, then obviously we would like to see that too. The question of the company's cash position, has been asked a couple of times now and not answered. I do believe that really is one of the items that needs to be addressed. It was somewhat comforting to see Joe's suggestion that the maintenance of the claims was within the manageable scope of the company's financial being.
Salut all,
Leigh McBain |
