Fair enough Joker1. I can see what you mean there.
As an aside, I don't think we'll have the time to prove up the resource to that sort of level (500mill for Z1+Z2) before takeover. The recent Z1 upgrade was a very nice surprise on the upside. That plus Z2 (August) I think will take us to 300 million, or very close to it.
Then the drill rigs will probably start on Z3+. Maybe they'll leave a few behind to link up Z1 & Z2; that would be nice. In that case Z1+Z2 will continue to grow.
I am hopeful that a takeover won't occur until 2Q next year, but that may be just wishful thinking. It is my belief that the longer we wait the more we'll get, both in resource estimates and $$$.
I keep trying to be conservative in my estimates but I get almost giddy in anticipation of how huge this thing is turning out to be. As another thread title says: "Sellers are idiots!" :)
EXT Price at posting:
$5.98 Sentiment: Buy Disclosure: Held
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