New Blue Ribbon Resources Ltd (NBL.V was BLO) Message Board

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Gold/Mining/Energy : New Blue Ribbon Resources Ltd (NBL.V was BLO)

NBL 8.460

0.0%

Oct 6 5:00 PM EST

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To: tanoose who wrote (121)	2/25/1997 9:44:00 AM
From: GWalker	of 407

Yes this is another PP and should be seen as good news. This is Yorkton getting in with BLO at the ground floor and this PP will more than likely be taken by some of the Yorkton crowd. If it closes quickly then this should be the cue. Yorkton obviously wants in because they think that they can do a financing at a much higher level later on. BLO did not "really" need this money so you figure it out. Look for an interesting side-show to develop with BLO's Mexcian property. Excellon recources is going to drop a diamnond drill on this property which BLO was going to walk away from in return for a 65% interest.No risk for BLO. This drill program should be announced this week or next. BLO was also close to picking up another property but walked away from it because of some legal issues which would surface if they ever found anything. But there is more property they are looking at. And why not if they have the cash. With this new cash look for BLO to start stepping up its exploration activities. Things are looking bright and the next 6 to 9 months should be very interesting.

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