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Friday, October 14, 2005 9:55:35 PM
They (both Ed and Arunis) have been somewhat mum on the status of the study. Arunis because it's not his to talk about, it's Ed's. And Ed, because the study is not complete, at least as far as I have been able to surmise. (When I challenged Arunis on the issue, I said that it was my understanding that it must be expensive to do analysis on all this data, and that even he could only pull Burnside into this for free for only so long. I got a knowing smile.)
One of the foremost questions I have for Ed is to put this issue out for all to look at, no matter what the status is right now. Carry his transparency out into the public arena.
When I questioned him on it he said he wanted to do more detailed work, about a 100 grand's worth, involving helicopters. He told me they have that much in the kitty, but that they didn't want to earmark every last cent for that.
The VC study is all about building industry confidence, and shareholder confidence, by advertising what HIT for EKWX can do. Even though it's an expensive way to accomplish these goals, and that it would be much easier if you had a digger footing the bill, IMHO Viginia City must be completed, and the results announced. EKWX should finish this, and I think they want to.
As for the U308, I am hoping that it is self-paying. I intend to find that out also.
fringe
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