Breaking New Ground

The Star of the Ring...

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Message: Round two for Richard Nemis - Sudbury Mining Solutions

The information in this article is very outdated.

Did the author write this piece recently, or was it written several months ago and has just now been published?

For those that may not know, Rencore merged with Bold last February and the 16 targets mentioned...REN - 6, and REN - 8 have all been drilled, with no significant results. Targets, Bold 55, 53 and 52 have also been drilled with no economic mineralization results (see recent Bold news releases)

I do not know what Bold's current bank balance is, but I expect it is far short of the $10 million mentioned in the article as a result of the work done on these targets.

Having noted the above, I believe Bold management has a good exploration strategy. They continue to explore for new targets, while drilling previouly found anomalies that show promise. With Bold having basically the same exploration team on board, that found Noront's Eagle1, Eagle2, Blackbirds 1 and 2, and Thunderbird, it is my opinion that they have a decent chance of making another discovery.

How much dilution will occur before the next discovery is anybody's guess.

C.

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