SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Nuinsco Resources (NWI) -- Ignore unavailable to you. Want to Upgrade?


To: Midas who wrote (1498)3/13/1999 1:12:00 PM
From: BLZBub  Read Replies (1) | Respond to of 5821
 
Midas,

Great post! What you infer is highly possible, and thanks for filling in some of my knowledge gaps regarding drilling logistics.

Indeed, NWIs strategy will minimize the chances of bad holes, which enhances the chances of a positive press release, whether that release is during PDAC or after March 22. As a shareholder, I prefer this approach at this critical stage. I don't need unnecessary share price shocks!

Now, the main thing we have to worry about is leaks, or false rumours of leaks!

Bill.



To: Midas who wrote (1498)3/13/1999 4:54:00 PM
From: George Castilarin  Read Replies (1) | Respond to of 5821
 
2 rigs one crew? Usually you have two crews on one rig (day shift and night shift) At times a company will use only one crew if it wants extra time to think about where the next hole will go, but normally there is a plan for at least the next couple of holes, which gives you the time to put in the drill roads and pads. If you are ready for a move it can be done in about 3 hours if there are no odd conditions. Normally you pay for a drill by the hour for standby if its not working, not a good idea.



To: Midas who wrote (1498)3/13/1999 4:56:00 PM
From: Brumell  Respond to of 5821
 
Good post Midas and your conclusions make sense.

Check the wording of their news release from last Wednesday:

<< Initially, assays from diamond drill holes will be released as soon as they are available. >>

That says something much different from what I.R. were saying yesterday. Waiting to batch results of several holes makes little sense in the current circumstances. Already the mining grapevine is proving more accurate than anything from I.R.

Regards,

Bob