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Gold/Mining/Energy : Royal International Venture RIL.V (was Labrador Int'l LAB) -- Ignore unavailable to you. Want to Upgrade?

To: Ed Pakstas who wrote (2379)	12/2/1998 11:46:00 AM
From: John Fairchild	Read Replies (1) \| Respond to of 3380

From Stockhouse forum. I have just been advised that there is "more then enough" drill rig equipment at the site to sink this hole beyond 300m ""IF"" tests at the site indicate the "conductor" is deeper then that. I then asked the obvious question....." If the snow storm isn't affecting availability of rig equipment then what is it affecting?? " ANSWER: The geologist(s) are staying at a base camp on one side of Pant's Lake and the drill site is on the other side. If the lake were frozen, they would simply use ski-do's to get to the drill site however, with all the warm weather at SVB they must access the site by chopper from their base camp....which apparantly was not possible during the snow storm. Also, as they go deeper they must stop every x meters to test the magnetic field variation and apparantly can then make adjustments to the drill angle. This implies that the 60+m per day could be reduced significantly. Amazing that LAB price has been taking such hits while PLM seem somewhat more stable. TO SUMMARIZE.....THE DICE ARE STILL ROLLING !!!!!! BUT A LOT OF LAB FOLKS HAVE BEEN BLINKING EXCESSIVELY, BAIL IF YOU CAN'T AFFORD THE "RISK".....BUT THE RIDES NOT OVER YET !!! ONLY THE STRONG WILL HAVE A CHANCE TO WIN IN THE END !!! [ AND OF COURSE THATS JUST A ""MAYBE"" ] Good luck all, LOR