I was at PDAC today and had a chance to talk to Courtney, Arness, Bill Ferreira, etc.
To summarize:
- TSX within two months, maybe within the month. Lawyers are working on it now.
- Drilling Strikepoint by summer
- None of the noted gentleman could tell me why the assays from massive sulphide core from Deep West have not been released.
- Bill does not know and did not want to guess on whether the mineralization would be mirrored on the north side of the main fold.
- Bill does believe (hopes) that the new mineralization is the "pencil". It appears the "pencil" is his main goal.
- Underground, the mining takes precedence over exploration so the exploration drillers have to work around the miners.
- Cash flow positive this quarter
- 15,000 to 17,000 oz's this quarter, ramping up each quarter this year to finish with 100,000 oz's production for the year.
- I not sure if we know this already, but 007 will be brought into production later this year. They are moving 20ft per day on the drift towards 007.
- They will be putting a drill into the main fold axis sometime in the near future (they did not specify what 'near' meant)
- Approx. 20,000 ft. of core still in the core shack, with many cores having vg. The assays for the production cores take precedent.
- Bill pulled out the 2002 Goldcorp pitch book as a reference. He's following that model.
- They agreed that there are many oz's that have been drilled but are not included in the 43-101. 3 million oz's is light.
FWIW.
MB
