what it means to be buying at this level when you already have so many is that if/when the t/o offer comes, he wont be giving it up for anything less than the late teens or $20+
- a race against time IMHO - adding more rigs and drilling like buggery to increase the SP via incresed resource before a predator pounces - I personally wouldn't mind if they canned the first div in a year and doubled the explo effort now with the saved future $ - don't know if that's logistically possible though and they are obviously going flat chat as it is
- latest Hanna interview said they will have the 200m-400m panel of the spotty one drilled out by end of June and if still open/promising at depth will move the rigs to the 400-600m panel - 3mths per 200m - would love to be reading the Dec 09 qtrly now
WSA Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
