TGR: Why have you stuck with Unigold for four years?
CO: At the early stage, it was a very cheap company with a lot of historic drilling. But it got caught in the asset-backed commercial paper situation. It was holding a bunch of cash to use for exploration. It set it back. A new management team and board took the reins and helped to raise money to get drilling going. The company has been doing a lot of induced polarization and other geophysical work. It can take a long time to build and develop a mine. You have to be patient, but the rewards can be huge over the long term.
". . .The continuation of the gold mineralization from Anomaly A to Anomaly B potentially doubles the strike length of the mineralized zone at Candelones Extension. The company should complete its 40,000m drill program on Candelones and Candelones Extension this year, and is anticipating the completion of an NI 43-101 resource. We're quite excited. . .a lot of interesting upside is still to be tested this year and moving forward. The company remains well financed, which remains a key investing criteria. . .the upside potential is definitely in the multimillion-ounce range. If it were open-pittable that would be fantastic. It has yet to be seen, but it is holding together so far. . .this is one of the rare stories where the market is definitely following drill results."