This morning was most interesting, but suffice to say that the directors are now in top gear after the receipt of the XPFS on Friday. They suggest that receipt of this will be the catalyst to re-start the corporate games.
Interestingly Richard said the project is believed to be 2-3 times bigger than defined, but further drilling is useless at this point in time. Their absolute goal is to extract a "reasobale figure" for the deposit.
An interesting aside was that the share price (I presume at 35c) is based on about 1cps pound of copper, where as most corporate action has happened at 5-9cps. This implies a pricing of $1.75 - $3.15. Work through the figures if the deposit is believed to be double this!
Their comments were frank and upfront, and seem to be handling this quite well. They desperately don't want to give the company away, and are happy to hold out. That being said, Richard suggests things will happen quickly not the XPFS is on the table.
Will continue buying with both hands.
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