RE:RE:RE:RE:The little company that could... or may....What investors are missing is that Saturn is not giving away 25% interest in the Bannock Creek project (120,000 acres) which is the current project they are working on with Seismic and soon to be drilled. The interest is in the Little Swan Project (250,000 acres) very little exploration. They are JV'ing the Little Swan to raise funds of $600,000 to start there drill program at Bannock Creek....they know there is oil there and this would be HUGE if they hit...they will retain 50% interest in that discovery. You have to look at the big picture...in this harsh market it is difficult for company to raise money thru flow thru or PP...so Saturn is taking another approach to raise money to further there project without further diluting there stock. Also they have gained 500,000 shares in BHS which is poised to start mining high grade silver in Oregon and also owns a Barite Mine which is exactly what they require when they plan on drilling the wells...Barite is used in the process and is very expensive due to demand.
By sharing the expense of exploration on Little Swan with BHS they have saved money and time...they have a lot of land to cover and only 5 years remaining on there 8 year permit life...