assay time lag
posted on
Nov 21, 2007 05:24PM
As the owner of a diamond core drill, and my partner went up to the sno project last winter on his time off between jobs to help get the second drill going, I have just had 2 jobs for November and December cancelled because the grab sample assays were delayed up to 3 months. Luckily we were able to pick up a job for 3 weeks to fill in. The assay labs are packed to the roof with core to be assayed. I can't believe how many investors in exploration plays do not understand that this is the first time their has been this much eploration activity in 30 years and there simply is not enough capacity to process everything that is coming in.