Re: location TBM drilling...ROF
in response to
by
posted on
Aug 17, 2010 09:51AM
Drill ready Gold projects
2nd largest land package - Red Lake Mining District & promising properties in the "Ring of Fire"
Goldbarron wrote;
I had a quick look at the map...it looks quite remote compared to other ROF players..I guess my question is..if they have some success on the drilling...would it have any impact on UC.BMK etc etc...or is it simply a separate find in another corner of the ROF. I would be interested in comments from Sudbury,Hoov or anyone.Thanks.
Of course it would depend on how successful they are in drilling....is it copper or nickel or what?
However if by successful you mean...another eagle one or greater...then it will rise all boats..
The JBL desperately needs another significant find to convince investors, major mining companies, the government etc that this area has enough potential to be taken seriously and to expodite the infrastructure development.
There is still a lot of unexplored land in the JBL are and in the RoF. Once the sp of the players improves, there will be more money available for exploration and likely more discoveries.
UC for example has a large land holding that needs a lot of exploration. If Tribute finds something significant it will boost the sp of UC and they will likely raise money for exploration.
At the moment the majors are watching and waiting before they get serious about acquiring the RoF. It will take further discoveries and/or progress on infrastructure to make them get serious about making an offer.
So there are many reasons why success by Tribute is important for the JBL...and of course for shareholders.
SN