Re: Fast Track To Production
in response to
by
posted on
Apr 02, 2012 07:01PM
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Binder you said:
"So having a strategic partner that is willing to drill to add to the reserves on that property will only bring a nice price at a later date and add to a cash poor exploration company."
I don't see how a $500k investment requirement over a five years period is going to do much to increase the value of our company unless they open some holes and find some diamonds or a brick of gold in it; if I remember correctly, it costs ~$100k/month per drill. As an investor, I am kind of in the dark as to the long term benefits for us shareholders. It would be nice to get a forward looking plan and strategy for this property; more insight into what is happening and planned, to be able to reach a more informed understanding for future investment decisions.
Pepi.