It is said by Tombstone management and Professionals in the region that Freeport "Is still drilling and going to 5000 feet."
I guess the word is that they hit the 2000 ft mark and found it to be a good drill site. They are going to or have reached to next target depth of 5000 ft to get a more in depth idea of the reserve.
I actually do not have the definitive answer here. If Freeport would like to buy Tombstone or just that property I guess it would have to be a decision on upper management of course, but I know this.. Tombstone is not a drilling company. I could think of many dozens of drillers off the top of my head that would actually drill this site. Tombstone is a land owner and looking to sell.. This is my thoughts..
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