Investor Relations told that in the new year, as events unfold, postings on the internet will occur. If some work is to start, this may be posted well before results of drilling, etc. are known.(ARP has some of these releases, ie: work program to start, and so forth).
Drilling is not dependant on trenching. I was a bit unclear in an earlier message. To what extent a JV arrangement is being pursued is unclear, although IR did discuss some of the factors which must be considered before any JV comes into being. Market conditions,the % rates each firm will have of the project, financing and so forth.
A JV arrangement, especially with a senior mining company will help in increasing prices, as will the drill results. I am not sure to what extent Miranda will push ahead with trenching/drilling before finding a partner, thus there is a potential that prices may increase before any JV agreement is signed.
So with all said I am still waiting to buy @23 cents today. It is tough for the moment to get someone to come down to the bid price.
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