our first Resource Estimate of 400k oz. from 199 holes confirms this.
our management under Franks leadership, completed a resource estimate over the last year, (not to mention raising 4 -5 million dollars to do it) ...in a very weak market overall and in a completely decimated junior sector:
in spite of this commendable accomplishmentthere are those who insist on complaining about Frank: and we all know the underlying cause of those complaints have nothing to do with Frank’s past optimism on BNN or anywhere else.
Frank is not able to control Greece, the crooks on wall street and the overall tumbling world market conditions;the share price of juniors in the venture on the TSX reflect the present market conditions; fearful investors are simply liquidating when they can and our R.E. NR was no exception.
To end on a more positive note:
Now Frank will be able to raise money by taking our Resource Estimate to the bank ! (without it, the task would be almost impossible in this environment)
With the independent estimate based on fact of our gold deposit, there is good prospect of arranging respectable financing with the least amount of dilution in this market.
Cheers to all…danny
