RE: Majors don't do much explorations - MSW -- grasshopper
posted on
Nov 01, 2007 03:32PM
Before I tank a break;
RN has made reference to the idea of: Maybe this will bring the Majors back to the Exploration part of the game.
But does that mean he wants to give away 10-20 years of very hard challenging work at the mercy of the Venture Capital bunch just to see the Majors back in Canada (North America - Mexico included) exploration activity at the grass roots phase? Well, Yes! , but NOT at giveaway prices!!!
Thus, the likely conflict in terms of what is fair value. The Majors have gotten themselves a little spoiled over the past 10-15 years by being out of this part of the industry IMO for so long and may now want back in with out paying the price.
RN is doing a very good, excellent in fact, job of NOT getting cought between a rock and a hard place (Majors and Venture Capitals).
What think you?
Old Joe
PS: Back later! Time now for necessities of life and the like...