Boston - Impressions:
Briscoe "Thinks Outside of The Box". Briscoe is a Gentleman. Briscoe is not Egotistical.
If Briscoe sold Used cars, he might go broke, but I would buy from him. . . . No HYPE, Just the facts.
Relationship with NAK: 40:60 Split is a bad deal and that is why the JV has not Gone forward - Briscoe is a buyer (of a JV offer), not a seller.
Barring a "Black Swan", Drills turn in AK in time to satisfy Claim maintenance Costs (some or all), and excess carries forward to future years..
Body language, & demeanor Re: Larry Liang tells me Briscoe has no Reservations re: LL's Business acumen or ability to "Deal". . . . Kinda fuzzy on Plan of succession should he (Briscoe) be Out of the picture, that aspect is largely Geology, not LL - that is, Jim tacitly admitted Succession issue hasn't been thoroughly addressed with regard to Geology, did not bat an eyelash while saying (paraphrase) 'LL can/would run the Business end' (or words to that effect). I think the Bug is in his ear, and having heard it will at some point get more attention. Bottom line for those who have denigrated LL in the past: Briscoe appears totally comfortable, and I recall an interview with Briscoe wherein he desribed a recruiting process that included a type of thought process and interpersonal compatability, Team Fit assessment - IOW it was a deliberate Choice, not haphazard or uninformed.
About 14 people at the meeting - one Gent. was pushy about a Financing figure that Briscoe replied to as though the question was "to Get to Production" - 3-4B was mentioned and that dude was out the door.
Opinion: I have been involved with explorers that became producers. GETTING TO PRODUCTION IS NOT WHAT THIS IS ABOUT AT THIS POINT IN TIME! What this is about is a progression of plans and actions, each of which advances the MERIT/feasibility of Future Production. As each of the many aspects of merit/feasibility become known and addressed, the Value of an ore body increases in a non-linear fashion (curve).
NAK: Look at their CHART (IMO) this should tell us a lot: 1. NAK fumbled the political/community outreach football, and that has resulted in the Greenies and Lodgeowners having the Louder voice for a longer time. A motivated group of NATIVE AMERICAN 'Community activists' could, I think, really make the Greenies and Lodge Owners look like THE EXPLOITERS - If you're a dyed in the wool Pinko Commie Bleeding Heart, how do you Say "Screw You!" to The Indians? "Screw You!" to the Fishies and Froggies and Tundra Bunnies?" Which do you Bleed and Whine about? I'm hoping the Locals have an outsized voice in the whole Process. 2. In the earlier going, NAK was the only Game on the Caldera - Now? NOT SO MUCH.
BIG IMPRESSION: Briscoe Knows a HELL of a lot more about the Actual NUTS AND BOLTS of MINING than you would expect from a "Practical/Exploration Geologist"
The 800 Lb. Gorilla, IMO IS that NAK can Call their loan - I wanted to raise that issue to see how he would respond, but there were a lot of other questions being put, and I think Tracey could probably address that.
Hay MT. Isn't really Hay Mt., it is West of the Terrain Feature "Hay Mountain". Briscoe has more Claim-Staking he would like to do in Arizona.
NEWS Soon, IMO, and fairly steady too.
I've tried to address things that aren't a repeat of other meeting notes.
Last: Greed is a Cruel Mistress, and She is a Master of Jerking one around on a leash called "Time".
AI
