CR will be used for aggressive drilling campaign!
Come on people Mr Promnitz has just released an new presentation on IndoChine website! I suppose the nay sayers havent even bothered to look and do some decent research!
AS USUAL!
This is a very very positive course of action.
They have finished the duplicate drilling, 3500m, so that they can validate Buffalo's high grade gold intercepts for the PFS.
They had two options. To pause new extensions drilling and cruise into the PFS with 2.1million ounces, or do a small CR between $5-10Million to accelerate this drilling, AS THEIR PRESO STATES, so that once the PFS is released and the market cap reflects $100/Oz of gold instead of $30/Oz of gold, any increase in JORC will have a multiplication affect on our share price in August/September!
For me, this is the smartest move to date.
Mt Kare has a massive gold/silver resource, these guys have just done the right thing by collecting more cash to prove it to the world!
BTW judging by the additional info on Cambodia, we might start to see some cracking gold results there too!
Again, a brilliantly run company!
Cheers Nectar
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