Re: Another Newbie
in response to
by
posted on
Oct 12, 2011 03:06PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
The biggest thing with SLI, I think is the fact that we prove up properties, THEN SELL them. That in itself is unlike most junior gold explorers, that just keep proving up what they have, WITH THE INTENTIONS of mining the resource. This makes everyone to expect great things SOONER than they would expect in other juniors. This gets our expectations very high, and then we are easily let down when we don,t get progress news because WE KNOW that with each bit of news, that we are that much closer to maybe a sale.
The only thing I can say is that there is only so much proving up of a property, before you come to the point that its no use to prove up any more, you then have ENOUGH proof. I beleive we are getting close to that point, but also remember that we have to drill the deep holes this month. We need that proof to put into the mix. Hopefully our samples will keep being released up til we get the final drill results, and if good, keep pushing the sp up. BUT, the real question that needsa to be answered is;
How much proof does a buyer need before he makes an offer?
If anyone can answer that question, THEN we will know exactly when its acceptable, to expect an offer. I have been trying to answer it, but to no avail.
So we wait.