Re: Quartz-carbonate...
in response to
by
posted on
Oct 07, 2008 09:25AM
Focused on becoming a near-term Gold Producer
mibmib: re: money to continue drilling/exploration?... I have no idea... I guess that's the 'million dollar question' LOL. But seriously, I have 100% confidence in mgmt and I am sure something is in the works. They have enough right now to trench, strip and sample until 'the snow flies' and that's what they are doing. IMO right now SGX only needs a small amount of money ($2-3 million) to finance a single round of Golden Extension drilling. This is not a large amount of money. When companies go to look for cash, risk is one of if not the top consideration for investors. I think it's safe to say that given what KXL has and we have that the risk associated with drilling Golden Extension is relatively low. IMO this is no longer a typical exploration program. SGX Golden Extension is practically a discovery.
JMHO.
red911