unimpressed

Worst update Ive seen out of Extract. Looks like the corporate junk behind the scenes is finally rubbing off on the company's performance.

First, lets have the guts to admit it. Salem was a bust. Worse is they wasted drilling off a dozen holes there when they could have been delineating zone 3 and connecting z2 to z3. Its ridiculous that they spent so much time drilling up this little area without waiting for results to prove its worth their time when meanwhile they have spent many many months poking a single hole between z1 and z2 without any solid update. How many times have we already heard that the alaskite between z1 and z2 is mineralized.

Im not impressed, it appears to be that they are withholding results from between z1 and z2. They started drilling there before they started drilling at Salem. That is poor form.

Market was expecting new info not more infill drill results, a let down at Salem, another geological mapping and worst of all when they say they are sourcing more drills. Theyve said it so many times already that they are sourcing more drills then the 11 they have already. Its starting to sound like a joke.

Lastly, The release sounds like they are now going on holidays until next year. Who is the shakespeare that wrote "Further results assessed in 2010" among the bullet points of a news release. I understand they are referring to the feasibility study but it sure doesn't appear that way! Sounds like theyre ready to kick back and let the share price tumble until we get the DFS.

gonna have to think this over before market opens tomorrow on the tsx.