Scuttlebutt--- in slang usage means rumor or gossip,
So don't bet the farm, butt...here's what I was told by a person that should know.
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***financing will be done soon and favorably
***new surface sampling program to start soon
***they're looking at 3 different companies for mill options--all can be financed through the manufacturers which will save Capex costs.
***the mill will be layed out so as to be able to add capacity readily, which assumes higher and longer production down the road after our 'starter' mine defined in the PEA is going.
***Dewatering to start pretty soon, and they're hoping to start mining and creating initial stockpile from underground mining later this summer..
***Major exploration program to start in about 6 months. They hope to prove up millions of ounces eventually.
***Perhaps $2.00 share price by the end of the year
***Been said that their are a couple of Emperor holes that went down 700 meters and hit the highest grades yet--enough to 'choke a horse'
***that a few years ago a Newmont geologist spent a week at Tuvatu and guessed it may contain 5 to 8 million ounces.
***That, Stephen Mann wasn't kidding when he called Vatakoula, Tuvatu's little brother.
***That Berukoff does indeed think that Lion One may well be his legacy and best project ever.
***That the principals believe this may well have a double digit stock price one of these days.
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Bonne Chance everybody
