Agriminco Corp. (ETPHF)

[Cheeky Kid]

Email I received back from FED IR (Adam), I asked a few questions. Boy are they fast at returning emails, here it is:


$11 million in cash

I'm told drilling starts in the 3rd week of April sometime, we have 2 new drills that can do 40 meters a day each. We're drilling to a maximum depth of 200 meters in the south west corner, 10,000 meters total in that area.

5000 meter will be drilled at Colluli in the third quarter. We will only drill to a maximum depth of 100 meters there.

Near term targets from Salman Partners of $1.50 target and Fraser Mackenzie put $1.25 near term target.

We plan on taking the company through to production, proving up the resource is the first move in doing so.