Some Thoughts

Another 1 klick of Jarret Wells conglo to the north west. Triples the length and leads one to wonder why it dips so sharply on one end and is on surface for over a klick the other direction. De Grey land seems to have seen some radical upheavals since 2.7 million years ago. Length width and depth. We don't know the extent of either of the 3 for Jarret, Steele or Louden's. 11 meter of possible gold bearing conglo at Jarret. You have to wonder if there are separate layers like at cannonball gully. The Ann implies (states?) that only one layer is interesting and it's 11 meters thick.

From the press releases and interview videos it seems like management is downplaying the congo story. Might be that management is worried if congo doesn't pan out they won't be able to raise funds for structural exploration and extraction. Can't blame them for taking a cautious approach. They've been talking about a resource of 2 million ounces for quite some time. They need to prove that up ASAP.

Cut off date for PFS has got to be coming soon if plan to announce PFS by end of year is to become a reality. Have to cut off the pit design soon. If in contact with a bank for financing, the bank must have laid out some ground rules on what the PFS needs to show.

DGO's and drillers $6 million came just in the nick of time. Management probably didn't want to dilute but went with anybody but Kirkland Lake, Eric Sprott or Sprott management company. Those are white sharks circling for sure. If management can't raise funds by middle of next year, then I can't imagine what happens next. Of course if congo comes thru then no worries about anything except how many baggers this will be.