We should know Richardson Core results very soon ... during the CC, Mr. Cunningham said they should be in before the end of the year.
The interesting question will be ... then what?!?!
If they are inconclusive ... US Gold (UXG) has already stated they plan to continue Drilling in May ... we sit and wait
If they are positive ... as I posted on Investor Village:
US Gold is a very aggressive Company with big plans (e.g. they want to be in the S&P 500, Merging with Minera Andes Inc). In UXG's PR's, and Investor Presentations, they like to state how their Projects are 'Diversified', and they Own 100%
"US Gold's goal is to qualify for inclusion in the S&P 500 by 2015"
"100% ownership of the Los Azules copper deposit and 100% ownership of a large portfolio of exploration properties in Santa Cruz province, Argentina"
"US GOLD CORPORATION (NYSE - TSX: UXG) is pleased to announce results of a Preliminary Feasibility Study (“PFS”) for its 100% owned Gold Bar Project in Nevada"
I suspect they would at least make a Stock Offering (i.e. save their Cash for Exploration) for Richardson ... and possibly all of Select (i.e. Shorty Creek, too). Tri-Valley could Sell the UXG Stock, or use it as Collateral, for a Low Interest Loan to further develop Claflin
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.