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Message: Re: Fiunding

Mar 17, 2016 10:07AM

Mar 17, 2016 12:46PM
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Mar 17, 2016 06:49PM
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Mar 17, 2016 08:10PM

I agree that using Tangier funds is not the ideal- it is expensive money and- as you point out- as I have- it comes in small increments. But it may be needed to essentially get things jump started. For example- for $200K, one could get at least one drill going- perhaps we could see some early positive Niton results- and this might help bring in a more viable and sustanable funding source and/or deal. (Since it comes in $100K/month increments- starting at the end of one month and the beginning of another would put together the $200K.) I understand this is a stretch- but it's a recognition of the stagnant position we've been in for so long. That's not to say that JB hasn't moved forward on the exploration front- ZTEM,Vegitation, other geochem, historical correlations, direct on the ground observation, permitting- on and on. All good. But in the end- it all comes down to funding. And if it takes expending a little "bad money" in the quest for the "good money"- then I think it's worth it. If we ever get to the point of successful drilling- all the bad funding will instantly become a thing of the past. We just have to first get there.

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Mar 20, 2016 10:03PM
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