RE:RE:RE:That is alot of landggnewmex1 wrote: While this is Newfoundland, and there is gold everywhere apparently, and while this is an amazing amount of land ,
gosh, I can see mining for centuries here. When one looks at step out drilling of 10 meters,
at 150000 hectacres, the company will be drilling and mining for decades.....
I apprecaite Benton being involved.
My question, outside of obvious long term shareholder value, where do you see SIC in 10 years?
Or, is it simply acquiring the land to have numerable options of where to land?
I do like the idea of being the largest landowner in NF, especially seeing NFG's drill results last Friday, I just want to see the vision
thanks Tim for leading this though!!!
One other question to add to my previous is the following:
Does it makes sense to spinout one or more of these other properties to a new company? To me it does makes sense. SIC cannot explore all of these land packages. A spinout of shares to existing shareholders along with a financing (say 1 share for each 4 held plus a $5M financing). Raising that amount of money or more is easy now. Tim could also be the CEO of the new company. Happens all the time.
I agree with LikeIke, this otherwise is moving to far to fast.
BC