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Re: CDLGold post# 6915

Thursday, 05/03/2012 9:07:08 PM

Thursday, May 03, 2012 9:07:08 PM

Post# of 12573
Here it is. CD is a master in the setting of talking to investors. Knew TWP like no one else stood and answered every question on financing, drilling, ounces ect that the crowd had asked. These folke were of the 10-50 million net worth type and are not fooled easily. Of the 30 at least 10-15 said they would buy shares off the market in the weeks to come. Some questions and answers. What about market makers? I sat with two of them that are specifically going after funds, they were really engaed in the project and liked what they heard,. They said they have never heard of a junior with a 43-101 that had 827,000 ounces on the 1st one. they will be working the otcbb with funds.. Drill holes! they send 35-45 in for every 43-101. On what price are we looking at with dilution or without? The answer was they could not answer the question because there is too much unknown. The next drill results Cd told me personally next week if possible, he has them and needs to write the NR and no he did not give me a hint on what to expect. Some thoughts listening to presentation and questions of others and myself. They are drilling the 2.4 Km hole from the north limb to the south limb to get a better handle on the geology! The market makers and older gents that knew Gary thought he was doing a great job with IR! LSG drilled 500 holes to get 3.2 million ounces we drilled 90 holes to get 827,000 ounces! A total of 50,000 meters of drilling is planned for 2012. They suspect we will have 1.5 million ounces proven up by Dec 2012 and 3 million by dec 2013 ( that shocked me).There will be monthly NR's coming. Our drills drill 100 meters every 24 hours a piece. They said we have money to drill until june of 2013. There will need to be 1 more raise of cash and probably 10 million dollars. He said again we will sell this property and keep the rest. Sprott took a position in last PP. If and he said IF we JV it will be 55% major 45% EXS with major providing money and drills to do job. (That sounds like what LSG and WTM did). Thats what was said if you have any questions ask and if i know i will try to answer them. cheers oh ya great steak for lunch. PB

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