posted on
Aug 19, 2016 10:38PM
I appreciate the clarification. But I was not suggesting that we were necessarily locked into doing nothing until the $2 million is raised. I was really expressing the hope that what you just outlined might be so- that it is possible that we might proceed before the $2 million is raised. I raised the question because I believe I remember JB saying- maybe in response to a shareholder's question here on Agoracom- that it would be foolish to proceed before full funding was achieved- that poor early results might close the door on any further exploration- and a great opportunity would be lost, essentially because of lack of patience. While I would agree that betting the farm on just one hole would be risky- a few holes might be more reasonable. The question was whether there was just that flexibility allowing for starting with more than one hole but with something less than the funds needed for the full campaign. I'm happy to hear that your understanding supports that more flexible position.