From my conversations with the company, if they are late, it will be only a few days to a few weeks. Management is pushing hard to get this done by Friday but our Board of Directors has the final say on the cut off here. We have a very good BoD for a junior our size and I am sure they are well aware of market expectations but their duty is to the company and to do what is best for the company, not the share price in the short term. The problem is still the same where they have assays that they have not received that are material for our resource estimate and they do not want to short change our first resource estimate by rushing it for a deadline.
Since they have stopped drilling after hole 194, that is the last hole that could be included. We have received assays of all holes up to 180 so there is a maximum of 14 holes left to come. Many of those holes are from the 88 zone where we really have not had much results. These holes could have a significant impact on ounces from that area. We have some long holes going thru the main 88 zone that should give us a good idea what we have there. There is also 2 holes, #189 and 193 at the far end of the 88 zone that could extend the 88 zone considerably. So there is lots of potentially very important information in these last few holes. The company would be aware based on visuals and raw assays received to date on how significant these holes are and if they are insisting on delaying the resource estimate to include these results, well they must be pretty good is what I am thinking.
Glorieux
