posted on
Nov 28, 2007 06:28PM
Glad you rementioned the PP proposition thing.
Given that each JV will require $5 million bucks (and likely shares) for a 3-4 year period of 'Earn In', then with the time frame of completing and accessing info from ETEM's to plan and carry out a Drill Program ... I expect we will be very capable of going for up to and beyond a two year period before a new PP would be necessary.
The only other reason to do a PP prior to sometime in 2009 would be;
a) To let JP Morgan in on the Share Appreciation for services rendered,
and/or
b) To raise more funds to support a spin out of other assets and continue with the development(s) of Windfall Lake and Burnt Hill, and (last and for to night?) to continue prospecting the other projects such as Mexico, Lazar, Sungold, Hunter Point, China....
Old Jos
PS: A combo of a and b can work well also.