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JEM165

01/26/11 3:29 PM

#127637 RE: Eagle777 #127636

If they stopped at Olympic dam after 6 holes, than it would have been abandonned with that logic, and We know Olympic dam is a big producer
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gump90

01/26/11 3:32 PM

#127638 RE: Eagle777 #127636

Unfortunately that is what happens. At H C they stopped. Now they have a Phase 2 planned but not yet financed. At Rusty I believe you will see them stop as well. Both those properties will probably end up in inventory. Of course you stop if you don't get good results in the initial program. What you do next is a corporate decision dependent on how much money you have.

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eiddle

01/26/11 3:37 PM

#127641 RE: Eagle777 #127636

How about you stop when the money dries up.
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lucky, mydog

01/26/11 3:58 PM

#127650 RE: Eagle777 #127636

We will not know for sure until many, many holes have been drilled and that has not happened yet.

lol. really? so the properties will be so pock marked with holes that you can't even walk? seriously, this company does not have the funding to embark on a continuous, never ending drill program. the thought that drilling will continue until shareholders become rich is simply gold fever.