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Re: microcaps1 post# 57784

Wednesday, 11/16/2011 1:32:55 PM

Wednesday, November 16, 2011 1:32:55 PM

Post# of 91121
When everything is done being mapped on the surface at Nazerena, Bob will most definitly need to conduct a drilling program to determine best location and type/method for starting operations. I would guess that trenching would be conducted soon after surface testing and grid mapping is complete. My guess is that we arent hearing much on the Naz due to non-disclosure agreements in place. But my best guess for completion of surface and trenching on such a large parcel is end 2012 early 2013. If Bao Steel is involved in Nazerena with the deep pockets they have we could very well be in production by 2013. May explain why Bob was so enthusiastic about getting things going by the end of this year thinking Bao was ready to jump right in and finance the start up. Cant blame him...if the 2nd largest steel producer in the world contacted me i may have been a little flabber gasted as well. Thinking more realistically now since he was approached by Bao he most definitly has a new time line and probably can not mention it due to afore mentioned NDA's. This is all just my oppinion though of course.