Long time PLE holder/investor (and bag holder) but optimistic about the future.

Just read this on Jim Sinclair's web site and thought it sounded a lot like how Guy is developing the Bolsa property. Could Guy actually be smarter than we think? I know Sinclair is a brilliant man. This is in response to critical comments about Sinclair's business model recently in the press.

"If the present gravel testing at my company's Kigosi/Ushirombo project allows it, we will approach development much the same way Homestake Mining did at the beginning, moving from surface deposit mining to financing part or all of underground exploration and development with cash flow from initial surface production.

In addition, it's worth noting that 84% of my company's current property holdings are designated for royalty option arrangements. Sixty percent of these are subject to royalty agreements and the remaining properties are being reviewed under confidentiality agreements that could see them become royalty transactions."

Using surface gold to finance the deeper exploration and mining?

Farming out the production and taking a royalty?

Is Guy sly like a fox (Sinclair)?

Regards,

PA