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Gold/Mining/Energy : NAR FORUM -- Ignore unavailable to you. Want to Upgrade?


To: Andreas Lichtblau who wrote (21)8/9/1998 7:42:00 PM
From: Earlie  Read Replies (1) | Respond to of 34
 
Andreas:
Been on road for a bit, then back to try to catch up with a boat load of work.

Thanks very much for your prompt replies to my questions, and for pointing me in the right direction with respect to the research. So far, it's been both educational and positive (NOT what I expected, forgive my cynical nature.) (g)

Have met with virtually all the players now and and have dug into a good deal of the available material. I am still digging. The darned thing actually looks real! (g)

Len Taylor eats, sleeps, and breathes nothing but this project. Initially his enthusiasm was "overwhelming" to say the least, but there can be no questioning his confidence or commitment when he writes a cheque of the size of this last one. Also, so far there's been no B.S. from Taylor or any of the others for that matter (at least so far as I've been able to uncover) (g).

I don't look at many mining stocks, as I've more than enough to do in my own territory (tech stocks), I have zero expertise, and I've seem far too many "Moose Pasture" promotions. Every once in a while though, I'm amazed at the detective work that is involved in the serious plays. This play reminds me of Diamet (North West Territories diamond discovery). The involved geologists, methodically backtracked the scattering of the diamond indicators (as cast across the tundra by the massive ice movements) for years, slowly narrowing down the main location. I'll happily admit to a belief at the time that the whole thing was a promotion until I got a chance to look at the stunning work those guys did to track the deposits down. They deserve the success attained, given the superb detective work. The Nar/Falconbridge boys appear to have been systematically narrowing the search for their very different target in an equally systematic fashion.

What do you make of the rumoured changes to the planned (and already progressing) drilling? I hear that the company has decided to complete significantly more drilling on the current target than was originally planned.

What's your best guess as to when we might have drilling results or drilling indications? The involved geologists are either the best actors in the world (which I don't believe) or they genuinely believe that they are close, and the assembled data certainly appears to support that belief.

Best, Earlie