Thats the kind of news we need to keep this thing from falling any further. It is clear now why they intend to sell the drilling division - to free up resources to expand. One question for you Ocean. Do we have to wait for permits to go into production like Butte?
Icdlife...These results are very good and are showing early signs of real expansion at the FLAGSHIP! Don't worry too much about permits, Timberline has a seasoned/savvy management team, they know what to do! Nevada is mining friendly and things should go much faster than they did at Butte IMO! It's early, but expanding the drill program another 15,000 ft. tells me Timberline is on track and building momentum! Good Luck!
tryingtogetit...Where do you think gold prices are heading? Do you think Timberline is doing a good job expanding South Eureka? The shareprice will adjust with developments, no need to worry about that! The HRP for Butte will change everything here and lock in the cash flow needed to grow. The market has many investors on edge and sidelined IMO, but Gold continues to show it's strength as a safe haven against fiat currencies that are in turmoil. Management is making all the right moves IMO, they want to see Timberline succeed just as much as we do. It's early, but now that Butte is so close to production and drilling results from South Eureka are showing increasing resources, it's clear to me we will be o.k. given the economic turmoil fiat currencies have created not being linked to Gold IMO! Give it time, this is the best time of year for gold and summer drill results, things should get better here soon. Good Luck!