Novawest & Brightstar (PGE)

[echarters]

Well that was Novawest's problem in the past. They did not drill. They talked and did surface sampling but no drilling to speak of. They were I think, looking for a partner with big money, as to drill all 70 anomalies which is actually necessary, is big money up there. That could cost north of 7 million if they need to drill more than one hole per anomaly. Some deposits if they hit, south of one million tons, could suck up one million alone in drilling just one of them. And Raglan Falco is just that, 20 of those type of deposits. They need about five drills to drill anything realistic up there, as the season is so short.

They also did not have a complete handle on or could not sell, the necessity of drilling some of the mag lows, as CZZ showed is so profitable. If you look at the Raglan map NVE is right in there in the trend, and there are Falconbridge deposits west and east of them. They have a good chance. There is a good chance with their position and the success of CZZ that they got some good money to drill with.

EC<:-}