RE: RE: RE: Our subsidiary is going nowWasn't the IPO to spinout the value in Bottle Creek, and get it going? Why the new property? Is it in the same vicinity?-flooring
You are correct that the spinout was to get Bottle Creek going, but it is also to build Red Ore into a company that has multiple opportunities. This new property is a great opportunity to diversify into a property in close proximity to our existing claims and to take advantage of a silver play with other potential. We will be drilling Bottle Creek in te next few months with the thought to also begin the ground work for a program for the new claims. Once Red Ore complete's it's IPO we will need to raise funds for exploration. The more potential that is created the easier it is to raise money and begin serious drilling.
I see this a very positive development.