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Re: Tar sands post# 145412

Thursday, 01/01/2015 8:16:06 PM

Thursday, January 01, 2015 8:16:06 PM

Post# of 165854
My comment was referring to why you're posting the most conservative estimate of summer for any real price movement. Myself and several others believe we'll see a move north much sooner. Time will tell.

And if you don't think the new NI report will impact the pps, I have to strongly disagree. You realize the last run to .21 was on the mere anticipation of that report? As it stands right now, the update NI report stands to significantly increase the estimated value of the resource. Remember the last holes were drilled to a depth that is 50% deeper than previously drilled. That has the potential to increase the estimated resource by an enormous amount.

How that's for facts?