RE: RE: cashstinkpad:
As to Hackett River my recollection is that they recently discussed looking into joint venture deal to develop that property. I think they were hiring an outside consultant to assist them on that. My thinking is that a JV deal might be something along the lines of granting a mining company a 50% interest in exchange for the partner funding the development of the mine. Since I believe the NAV for Hackett from their past economic analysis was about $1 billion, and my guess is the cost to build a mine would be about $1 billion, a 50/50 split would seem about right. I would guess some of the most interested parties would be from China, I'm not sure the political implications in Canada for Chinese acquisition of what I suppose is perhaps the largest undeveloped silver deposit in Canada(?), but I would think if there is any problem with 100% acquisition, I bet a 50/50 situation would be found acceptable by the Canadian govt.
I get the feeling that with Back River they may be thinking more along the lines of developing it themselves. It is my impression that the capital cost is a lot less than to develop Hackett.