VALUE THROUGH PRODUCTION AND DISCOVERY

Focused on the Exploration and Development through Partnership of its portfolio of Porphyry Copper Targets

Hub Home

Demo Video
Private Messages
Edit My Profile
View/Edit Portfolio

AGORACOM News Flash

AGORACOM Wire - Wednesday February 15th, 2012

Breaking News ....

Lomiko (LMR: TSX-V) to Complete 43-101 Report on Previous Drilling at the Quatre Milles Graphite Property *CLIENT* Read More

Top Sector Stories ....

Strike Graphite Corp. (TSXV:SRK) Acquires Wagon Graphite Project in Quebec in Vicinity of Timcal's Lac des Iles Graphite Mine *CLIENT* Read More | Profile

Strike Graphite goes "Beyond the Press Release"

McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release

AGORACOM Launches GraphiteStocksBlog.com

We're proud to announce the launch of GraphiteStocksBlog.com a website dedicated to the needs of investors and companies in the fast growing Graphite industry.

INAUGURAL GRAPHITE SPONSORS

Message: Future Copper Demand Projections

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »

ThaiDiamond

Rank: [?]

Mail Room

Points: [?]

225

Rating: [?]

Votes: 19 Score: 2.2

Currently 2.2/5 Stars.

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Whither Kabba?

in response to Re: Future Copper Demand Projections by gryphon

posted on May 12, 09 06:09PM

Gryphon and Bell longs,

Please correct me if I'm wrong, but about 5 weeks back, on April 8th, BCU announced that they had starting drilling on K6.

No other news has since been released on Kabba. Bell has released 3 PR's since, but none had news of K7 being started.

Has K6 been completed? And if so, when approx. will we see assay results?

K5 was nicely wrapped up and we had a lot of detail on Dr. Marsh's thinking on it's results. So I was expecting some kind of news on K6...

I've also understood from a March 10th PR that there would be "at least" 3 holes drilled in this current Kabba drilling program. By my count, that would be K5 through to K7.

Your post notes Bell will be "following that up with another few holes". I assume that means a K8 and K9 and...?

That's potentially good news...if Bell's got the cash to continue on.

On March 9th, the company announced a PP raising some $500,000 for this. There's been no subsequent news was forthcoming on how successful this PP was.

Since it is usually industry practice to put out a follow-up PR noting that a financing was successful -- such is good news, is it not? -- would I be correct in assuming that funding at that time came up dry.

Actually Bell does seem to follow industry custom as they did announce, on Feb 25th, via a PR headlined "Debenture Financing Completed", that they recieved proceeds of $750,000 under the financing annonced on Dec. 11, 2008. The December PR noted that the proceeds would be "...utilized to drill the Company's Kabba porphyry target"

So what are the 'money issues' you are refering to? Do additional funds still need to be raised? Are we in a "hole-by-hole" finanacing situation here?

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »