Good article. (I have rename the post thread according to the article title)
I have to agree with Rick's comment: I learned an important lesson a long time ago. Most, and by that I mean 99 percent of juniors, should not own or take on one these often immense porphyries. Are you shocked? Well you shouldn't be. It simply takes too much money to drill the 400 or so well placed holes necessary to delineate these often immense low grade deposits. A junior simply dilutes itself to death with money raise after money raise.
That is actually my concern with Copper Fox's investment into the Eaglehead project. It seems to me that our investment is too just small to really advance the project significantly. Sure we have helped advanced the project by being able to drill some more holes but it seemed to me that they would back at square one a year later. As he said, it just seems to "take too much money".
Am I missing something?