Yes it does look bigger -the pipe looks bigger also-ca 5" pipe? which I imagine is the biggest you would ever need for iron-holes 69-71 looked like 3" pipe?. Also, as the holes start moving east away from the low elev part of the mine where holes 72 and 70? were, they would be able to drill much much deeper without hitting sea level-I still dont know if that is a serious consideration-have to wait for Bingo or a geologist or somebodies dd to answer that one.
Sept PR - a SERIES of mini drilling programs-which is beneficial for many purposes longterm-and now w debt to investors paid off in Dec that gives more breathing room. Money definitely was a problem initially as it is w all startups. I guess bashers just count on newbies ignorance for I've never seen a jr miner ramp up so fast on the ground-now if we could only say the same about the pps before we all lose our homes.
India has export restrictions, Australia recently imposed a 38% export tax and China is running out of iron ore. So Zhao-who is the WORLDWIDE procurement specialist for Bao, as well as the Bao Brazil Pres and Bao USA mgr-sure spends a lot of time at CWRN-especially at the drill locations-for a top level non owner executive-who you would assume would just look at the drill results on paper rather than watching over the drilling progress in person. (of course the pics certainly can be selective of his visits but still) They paid for ore at port partially to speed up CWRN's equipment purchases/production I imagine because Bao had an interest in that.
Some like killjoy had thought that Bob would seriously entertain a buyout over a year ago but why do that when you dont even know how much ore you have yet-something they began determining w this new series of drilling programs in Sept in apparent conjunction w Bao's interest.
They dont need the drilling to just mine- which they could do without drilling- as they were doing reportedly before they even acquired results of 1st 68 drill holes -but to determine reserves for long term purposes like beneficiation plant, JV fertilizer processing plant etc and- if and when they are ready to partially or fully JV or sell have a much better indication of the true value of the co. Just all imo-none of this is from the co.
