Re: Where did we drill these holes?
in response to
by
posted on
Jan 21, 2012 12:50AM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
Drew;
in response to your last post--no offence intended.
I have tried to stay as neutral on this downturn as I could since the crash on SP happened ---BUT--- there comes a time when someone --not nessesarily you-- pokes the bubble---- and as flying lite posted--poke me in the eye-- once too many times and --Booooom -- it breaks.
Sorry my fellow investor--but now you and the rest of the negative posters are going to feel the positive side of the story from my 9 year side of the fence-- and quite honestly--I really do not care if you like it or not--cuz-- facts are facts. First a couple of questions--
There is quite a difference between the "Oilpatch" and the "Mining Indusrty" as far as revenue generation is concerned.
In the "Oilpatch" we seismic to determine "Target" and then drill to the center to get the deepest point so all crude oil and gas flows to the well bore. After a well is confirmed we set up a collection site called a temporary "battery", costing possiby $100,000 dollars, and collect the oil to generate cash flow, to pay for the well costs and determine IF the well and area is a feasible project to expand. Then we go and drill the perimiter to decide the size the field will be. We will drill a few "dry holes" on the perimeter,cuz seismic is not an exact science there either.
In the "Mining Industry" we seismic to determine " Target" and then we drill---NOT ONE-- but HUNDREDS of holes to determine the size of the ore body, as well as to see if there is enuff there to even justify processing the ground to extract the "POSSIBLE GOLD" or other precious metal. Then we drill the perimeter of the claim to determine if there is enuff to make it feasible to even make a mine out of the claim. Then we set up a "Permanent" mining facility, taking years and multi-millions of dollars, and we mine millions of tonnes of rock to extract the precious metals.
Is it any wonder why Gold is worth $1600 dollars an ounce and Oil is worth $100 per barrel. Not that either are cheap commodities--but the labour and expense to extract either one of the two are far spread--and the payback on initial investment is just as far spread.
Drew--you and in fact most of us wish that management would and should keep us a little better informed on this project and its advancements--but in reality--buy shares in Exonn or Esso or even Barrick or Newmont, and see how far you get micro managing their information flow to shareholders--- cuz they really dont care if you sell your shares or not---someone will be ready to take up your position in a heartbeat. My dad said it best--Wish in your left hand and sh$t in your right hand---see which one fills up first.!!
Dont let the shorters scare you out of the reason you got into this stock in the first place. In my opinion-- that would defeat the reason you got into this Venture stock--minimum input for maximum gain. But then--thats just my opinion..QUACK QUACK
Rinky