On one level, we're ready to go. The silver and gold targets are clearly enticing. I'll got an independent technical report from a firm that's taken its own samples, checked out the assay lab, checked our procedures, checked our approach and professionalism and examined our targets.
Now there are the strategic and financial and market issues.
My plan is to announce the signing/granting of our primary CoW once it's official. When/If that happens (Feb. 19th?), we'll sit down with Barrick again and make specific plans. With the election over there still ahead, and the country in some turmoil, I'm sure we won't be heading up the river immediately. Also, it takes time (months) to get a drill in country, due partially to availability, but mostly because of regulations. Site preparation also would take considerable time. Then there's the attitude of the market which is still, for the most part, punishing companies talking about Indonesia. (There's one exception, whose name I'll not mention but if anyone cares, I can only offer a quiet 'caution' there.)
Simply, I can't really predict when we'd start drilling. My gut says it would be later this year, perhaps in six months, but it is too early to tell.
I hope this helps.
Greg
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