This a why JV'ing is the way to go.HSTR is proactive and keeping shareholders (and future JV investor) well informed, no doubt about it. Based on their findings I get why their relunctant to JV'ing it.
Insiders own enough shares to become billionaires (or at least $100+ million) if they drill a few more really good holes either at Apollo or Centenial (among other sites) this year or next Spring and take off on their own.
HSTR has done a fantastic job staying within their fiscal boundaries exploring and making good discoveries at Unga. (and Mexico)
However, to discover how massive Unga gold resources are, they will have to JV and give up substantial control, thus being millionaires instead of a billionarie. (Sorry Jacque no billion for you)
HSTR's fiscal boundaries in Alaska will always limit their efficiency as they spend a big chunk on each individual drill program, shipping in and setting up drill rigs and their camps and then dismantling drill rigs and camps and then shipping them back to the vendor, at the end of each program.
Those costs' have risen and actually affects each and every individual drill program substantially, which means less holes are being drilled compared to what a deep pocketed more efficient seasoned investor could do.
This has been a big year for large cap miners and they need write off's and could easily inject $25-$30+ million into a lengthy drill program at Unga and make it stretch a lot farther.
With $25-$30 million a miner could have 3 (annual) April thru November drill programs, (taking a short 4 month winter recess) without absorbing the hefty cost of setting up and dismantling a camp (drill rigs) and shipping them in/out multiple times, compared to a one time set up. Using their own people, helicopters, rigs and camps instead of leasing them from vendors that (because of their own cost) will nickel and dime a Junior Miner to death and further limit the amount of core.
A big company probably own their barges/landing crafts to haul their own camps and rigs and still have enough capacity (fuel) keep their generators and helicopters running.
That's why JV'ing is the way to go. If HSTR agrees to take the money and hold a 10%-15% stake of Unga, it would boost HSTR's share price substantially. HSTR will have the ability to expand and pursue other global opportunities including North America.
By the time Charles is 65 he might end up becoming a billionaire.
They're small and they need more capital than $3 million. Current share price requires a lot more share dilution just to raise a measely $3 million.
They'd might be better using some of that $3 million to pinpoint vein directions of those really good assay's (and value) they had in Mexico, a little over a year ago.