Matt,
I'm not sure what point there is in drilling. As far as I know TYG still has $300,000 in the bank, so theoretically they could fund their share of drilling. BYG is financially crippled, and with a 700 tpd mill can't generate much cash flow, especially if the millhead grades are 5g/ton. They can't provide additional exploration funds, let alone finance the 2000+tpd mill, that makes this project attractive
ORI/AKA have to conserve funds not spend them, at least until something really good comes along. They can't spend money on drilling and then not have the money come from TYG, so they need the money up front. Do you think they will get it? I don't. So, unless they think they have something that will give spectacular results, for a small price, nothing much will happen.
We're kind of stuck between a rock and a hard place right now, because of the BYG situation, but it appears a safe place to be. After all we are sitting on a very large, resource, that has good and better grades, and a lot of potential to be much larger.
Sincerely,
Al Cern |
