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Monday, June 27, 2011 4:33:37 PM
This was my first exchange with Tracy and I agree with all of you who know her that she is terrific.
I asked her to clarify the timing of the SRK report for me and who exactly would be privy to it when finalized. she offered the following and also let me know that I may share anything she communicated as she is very careful not to disclose any confidential co. info. She is a true professional.
from her first email, when I asked if the final report was ready, she replied,
Let me tell you what I know about the SRK/Tombstone tech report. Jim and SRK are still working on the draft. I know 30 days has gone by, but the scientific imperatives require that the data still needs analysis. We hope to have a report in mid July. As far as 'released to investors' that depends on what you mean.
I responded with a clarification asking when would investors be privy to the results in the final report and she promptly replied with,
If you are talking about a public release of our proprietary report which we expect in the next couple of weeks, I have no time frame. When the SRK report is completed it will be presented to qualified investors along with a confidentiality agreement. Again I have no time frame but certainly well before a general public release. Competition for claims and capital in southeastern AZ is extreme right now--everyone is holding their cards close.
I never send confidential communications outside of the Company, so you may use anything I say at your discretion. Keep in mind that I always try to be accurate with what I say, but am not claiming to always be 100% on target (in our industry you would have to be a nut or a liar). I would never reveal inside information either.
I hope you all find this both helpful and encouraging.
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