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Destinator

05/01/12 9:24 AM

#6841 RE: STR8Shooter2012 #6840

Sounds gloomy STR8Shooter2012. I wonder why Ballanger did not tell McCoach about these "FACTS" when he he called him after dinner one Sunday evening several years ago.

Tomberry

05/01/12 9:43 AM

#6842 RE: STR8Shooter2012 #6840

STR.... thanks for the "Down To Earth" reality of the situation. I expected I am sitting on dead money for quite sometime.......

Bull_Run

05/01/12 9:56 AM

#6844 RE: STR8Shooter2012 #6840


'Firstly, the expense associated with the establishment of "1.5 to 2.0 million oz" virtually guarantees that they will "run out of money" or more appropriately, will be required to come back to the public market for additional capital.'

You are always focusing on the worst case scenarios like they are foregone conclusions. I'll give my very conservative estimates: 1.1 to 1.2m with the resource update in June. 1.6 to 1.8m by December and by the time we exhaust our years supply of money, 2.4 to 2.6m ounces PLUS the strategically placed drill hole to test continuity on the north limb.