I am sitting at 4 to 5mil tons which has probably been confirmed by
the continuity of the holes thus far., it does seem the deposit is trailing
off to the south., with thickness decreasing to around 1.2meters.,
the market factored in the speculation when the stock moved to
2.00C. What might further enhance the share price is success to the
North on the scout holes., and further success into the lake area.
Only infill drilling will confirm tonnage., but early indications on the scout holes to the North may add spark some interest. Winter drilling
in the lake will have to occurr to prove up max tonnage. Of note is
some targets to the N.E. of the lake.,, as well.., if the hole spacing
and targeted area was more implicit on the 22 drill holes last winter
which havent been reported upon., as to location., depth., and spacing., would help formulate some more ideas as to potential total
tonnage.
There are no surprises nor any disappointments in the release.,
it is steady as she goes., and Walt has explained the current geology
unlike none other.
Sincerely
George J. Tromp |
