Re: Cart, horse
posted on
Jan 23, 2014 02:14PM
Combining Classic Mineral Exploration with State of the Art Technology
Deals can be structued in such a way that funds are contingent on milestones. E.g., if the phase 1/year 1 drilling shows x,y,z, then funds are made available for the next phase. Basically, the $6.1M would be the only capital lost if it turned out there was nothing very compelling coming out of those 67K feet of drill cores.