If you want to compare apples to apples:
From it's acquisition in 2001, Adanac spent most of its time and money dedicated to the Ruby Creek project.
In 1995, Molycor was drilling out Crowrea. Then in 2005, drilling was resumed on that property. So Ruby Creek was good enough to put money into in 2001, but Crowrea wasn't?
So when you say they are a few holes away from a resource now in 2008, shouldn't you wonder why it wasn't done in lets say 1998, 2001, 2004? What stopped the exploration then?
So in the end what was "the plan" for this property? So in my opinion if management had high hopes for this project, it would be swiss cheesed by now with feasibility studies being finished (and work being started on the Tami-Mosi properties).
Now you are still years away from production from Crowrea and it's being promoted as this nice moly play. What suite of properties were so good that Crowrea was on ice for 10 years? Ask management that.
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Larry Reaugh provides outlook on recent acquisition of 400K acre coal property
