Solomon Gold’s management believes that their Fauro Island project has the potential to host a world class gold (and copper) deposit with geological similarities to Lihir. The company is committed to commencing a further exploration campaign on Fauro in late September. If we assume that the campaign started when they said it would and they sent their samples progressively to lab then the results for the first few batches will be known by now. No doubt under curfew, but now known to management today. The drilling campaign planned for late 2010 will have had to wait until the results from the latest sampling campaign were received to optimise the drilling.

Here is what I think is happening could happen next:
Now: A bevy of excited geologists, like generals, gathered together in a dark secret bunker assess their resources and finalise their plans for the big push. “Then we are agreed?”, “No second thoughts”, “Now is the time to express your doubts if you have any” “Agreed!”, “Agreed!!!”. The Generals withdraw for the day, reflect on the destiny, they hope, they dream they will make.

Dawn tomorrow: “We must inform the High Command, we must inform the market.” A measured despatch is filed: “The findings of the latest exploration campaign have confirmed the findings of the first. On the basis of these results the force has decided to proceed with the previously announced drilling campaign. “If this comes in anything like we ......” “Quiet fool!”, “Who are you calling a fool?” “Gentlemen please”, “I don’t know if any of you believe in destiny”

One month later: “Look there, that’s visible gold”, “Lots of it, and there more”, “WOW!”

Two months later: “Hi mum, it’s Aiden”, “Where are you?”, “I’ve been on Fauro Island” “Where?”, “Just listen”, “I’ll get your father”, “Do you remember how when I was a boy and I had a dream”, “What are you saying?” “I’ve just bought a million shares”, “You’ve done what”, “In what?”, “It’s a company you’ve never heard of. It’s called Solomon Gold”

Three months later: The generals meet together in the marbled interior of the recently renovated Savoy Hotel London . “Gentlemen, raise your glasses to today’s success, a moment I’m sure we will all remember and be proud to tell your grandchildren. One hundred million pounds raised at…

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