HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

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)

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Message: Re: now that all the groupies..Question about JV benefit../ mustangman
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Nov 02, 2007 05:54AM

Nov 02, 2007 05:59AM
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Nov 02, 2007 06:38AM

Luk
Nov 02, 2007 07:00AM

my only question is how much do we give up with another company in the play that only has to put 5 mil in and a few extra bucks making it say 5.5 to 6 mil total in order to get 50% of the action?   I don't understand myself the benefit we get from that when we have 30 million to do it ourselves.

As I said in the previous post, to have 30 mio. is nice, but NOT has to pay for a lot of things, let alone the 14 mio. for the windfall ramp.

There is staking, rush essays, a lot of travelling etc. and a lot of work at numerous properties. That all costs money.

But more importantly, it costs time.

So I am totally happy that Richard is looking for other possibilities to "share" the workload, as long as we benefit enough if something is found.

Regards,

Fantomas


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Nov 02, 2007 09:01AM
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