InvestorsHub Logo
icon url

shamokinite

01/21/11 9:47 AM

#46225 RE: phreshmeat #46224

IMHO, a lot of investors are worked up that essentially they only have one dredge in operation when everybody expected four by this time. I wasn't looking for production numbers at this point in a FR. I was looking for all dredges are placed and running. However, with that said, the test results where the current dredge is working is expected to be 7-10 times the test results in the earlier field report. So simple math, that is like saying we essentially have 1 dredge working that can pull the results of 7-10 dredges based on earlier numbers. Does this make sense? Is this not good news? To me it's like we just purchased 7-10 dredges, all are in operation, out of one dredge. The others are just icing on the cake at this point.
icon url

the cork

01/21/11 9:52 AM

#46227 RE: phreshmeat #46224

Right phreshmeat, that ancient gravel is what we are trying to get down to.

We aren't there yet, but the indicators sound good for that location.

Almost like a blood hound following the scent!