RE: Majors don't do much explorations - grasshopper -- msw / CASH ACCOUNT
in response to
by
posted on
Nov 02, 2007 07:36AM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Someone that is confident (IT IS???) that by mid- December will bring the prove (tonnage) will not run thru the neighbours asking funds, by selling the furniture (or even worse - the cow, who knows???). More than that, they have a few solid millions in the account, RIGHT???
Yes, right, but according to the AGM presentation on Windfall they need $ 14 mio. for the ramp.
So you better look for a JV on not so prospective claims and participate 50% if something is there.
Good deal, Richard.
Regards,
Fantomas