Re: Drilling is Like Playing Poker.
in response to
by
posted on
Nov 18, 2009 02:10PM
The company is now known as FUSE Cobalt.
I would think the lack of drilling by all the juniors over the last 12-15 months or so was pretty much a survival tactic. If some previous posts on the board are correct and they flew the whole belt with the lidar, I look at things a little differently than poker. I can see a war room with a huge lidar map in the middle and all the big players hovering around trying to decide where to deploy money, troops and equiptment. Who owns the images that the lidar produced? Would they be share or used to gain an advantage over all the others that are not privy to the photos. If you have unlocked the geology and have images of likely targets, I would assume that the drilling will be targeted in an orderly fashion all over the belt. I would hope all the JV partners are working together and not trying to steal from each other.