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Re: seabreezing post# 18691

Thursday, 05/22/2008 9:52:30 AM

Thursday, May 22, 2008 9:52:30 AM

Post# of 165854
Welcome back, seabreezing! Good commentary. From my recent contact with them, it sounds like they are carefully planning their next move. They truly feel that the stock is grossly undervalued at these levels, and they want their next move on the property to supply as much new intrinsic value as possible. As they see it, they basically have two options:

1) Do some relatively quick drilling in zone D and analyze the cores for things such as tantalum, uranium and REE's.
2) Drill in the east zone and get a good idea of the extent of that deposit.

There's even a chance they could do both this season, but which should they do first? Which would provide the most shareholder bang for the buck? If they choose option 1 and it turns out there is a substantial concentration of the things they suspect, that could certainly be a game changer. But if it turns out the east zone hosts at least as much as zone D, so could that. Should be an interesting season... :)