InvestorsHub Logo
icon url

Militia Man

09/29/11 8:10 PM

#54099 RE: Nostradamus2012 #54098

Hmm, are they looking for something else while finding nothing but solid Iron ORE?

Lets keep our fingers crossed (so far nothing but iron ore in the hole) this is in the Coloso Vein, new hole 69... Orignal surface Elv 118 meters, with 14 meters of Iron Lenses, the current surface is at 92 meters as we have removed 26 meters, 6 meters below the orignal 20 meter deep hole, the 6 meters have been iron lenses, so 20 meters thick ore body, plus what we are drilling into now.. Tomorrow will tell the tell and I'm going out of town until Tuesday (Going to the Big Mine).. Instructions left are to drill a minimum of 25 meters below the lense if we punch threw it, if the ore body continues deeper keep drilling up to a 100 meters and call me.. We will be drilling 4 new holes (69-70-71-72. pciking up from the last numbered hole 68) approx 300 meters apart along the Coloso Vein..

icon url

Kubisiak5

09/29/11 8:34 PM

#54103 RE: Nostradamus2012 #54098

I really feel very soon we won't have to choose betwen both. Our cash flow is pretty solid event at this point. The period of investing strictly in equipment/operations without some form of buyback I feel will be short lived. If I'm bob I'm foaming at the mouth to buy my company back at these prices! They won't last frevr, and like most peps here believe when we go well go quicklike!