Re: Explanation for 'transfer' to JV
in response to
by
posted on
Feb 06, 2008 06:40AM
Combining Classic Mineral Exploration with State of the Art Technology
The company itself has described this as priority targets. That means 'best.' Why should you give a partner bad targets? You shouldn't. Why should you give them half of the priority targets for nothing in return? You shouldn't do that either.
What I'm asking is, what do we get in return. Shared risk? Meaning Xstate pays for further drilling from here? Sounds like a bum deal if the pipe has already been found on our dime, and only needs a vertical core down the center to prove or disprove mineralization.