RE: RE: RE: Belero's "Nonsense"Of course, nopoo is correct in that bolero's strategy is simply to function as an area play regardless of how little of that ground they could realistically ever tackle. But my point he misses for it is not incorrect either. My point being to maintain so much ground is costly and can often be a squandering of budgets. Many venture ex. companies live many lives as area plays, that i understand. Indeed one such company I owned and did very well was BYV which operated solely with such a purview. It was essentially a pump and dumper that went from area play to area play. Of course, the astute investor can make money off such companies. I'm not suggesting that one can't. In the case of BYV, they were fleet and managed to claim a small but vitally located claim that is contiguous to RR drilling.
It is true Bolero mitigates any potential unfortunate results from CIN by having its fingers in several different area plays. It has had a rather successful history of moving from one area play to the next, from financing to financing, and then ultimately consolidating shares. But my point is this and it was made in response to a comparison between CIN and BRU. if CIN does confirm an important discovery, CIN shares will rise far greater than BRU. Over the years, I have been fortunate to have been invested in several discoveries. Given the choice between an area play and the key potential discoverer, I much prefer the latter.