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These are definitely quiet times, behind the scenes the company has been active and will announce when the time is right. I have taken the opportunity to grab about 1.5 million shares at this price as a cost average down. If anyone has belief in the grab samples on a 24 city block area that went from 2.4 to 6.4 % Copper then they have to believe that the ground induced polarization survey showed 300 yards by 7/8 of a mile of a magnetic disturbance it must mean something... Irregardless of what the current attitude is towards the mining sector (or this company on certain public message boards) the fact remains, the top people in the industry have proven that something is there.
The final report on the induced polarization (IP) survey by Abitibi Geophysics has been received and reviewed by Wolverine. The report outlines a number of chargeability anomalies that require follow-up by prospecting and drilling. Some additional IP work is suggested to further outline newly detected targets that are open along strike and extend beyond the survey grids.
On Grid Two are located several chargeability anomalies with high associated resistivity that is more suggestive of bedrock sulphide conductors than overburden. These targets are generally shallow (within 10 – 15 m of surface) and could be targeted by shallow drilling. Anomalies CR2-06 and CR2-07, for example, have strike extents of 1.3 km and 1.0 km respectively and are both Priority One targets. Both anomalies are open to the southwest and extend beyond the survey grid.
Also on Grid Two are a series of chargeability anomalies (CR2-01, CR2-02 and CR2-03) that are located in close proximity to previously discovered malachite showings in rock cuts along the Trans Labrador Highway. These three anomalies could represent copper-carrying sulphide mineralization that has leached out the malachite. These anomalies are all open to the northeast ad have strike lengths ranging from 325 m to 900 m.
I think you might find the more compelling conversations and more up to date topics on this message board other than that other one. No one wants to see their investment targeted by a has been penny stock promoter that cannot take responsibility for his own actions. When investors realize they can average down they seem to be open to the placement at this level. Personally I have grabbed about 1.5 mil at this level, my theory is that no one has stolen that 24 city blocks of surface showings and last I heard the subsurface target of 43 city block area is still there, it's just that the timeline was not what we expected.
I don't even participate on that other board any longer. I can't tolerate unprofessional behavior and neanderthal mentality. I'm still looking forward to the drilling program that should get underway any day now and give us what we've been waiting for, copper. Lot's of it!