Re: News - eb1945
in response to
by
posted on
Dec 10, 2010 10:00AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
eb1945:
No question is "out to lunch". Many of us are here to learn and make money.
With respect to financing, a few thoughts.
1/ junior exploration companies have no collateral to use to back a loan
2/ I do not believe Cdn banks typically loan to jr exploration companies as failure is the norm not the exception, the risk is too high
3/ If there is a Cdn bank that does lend money to jr exploration companies without a 43-101, a feasibility study, etc etc than I would like to know what their track record is for this type of lending...
4/ the venture exchange is one of the best places in the world for jr mining companies to raise capital through share issuance, private placements and flow through shares,.
so, we are back to waiting for drill results and assays....good results will allow us to raise additional funds at a more cost effective rate