RE:RE:RE:RE:It's Truly Sad ---Certainly successful exploration would enhance the value the property, Grat, but as of the moment I suspect each "partner's" interest is worth at least several million dollars, if not a lot more. This should be reassuring to both sets of lawyers, as well as the shareholders, but from the perspective of managerial fees the downside is that "moving forward" at Treaty Creek loses a lot of its sense of urgency or imperative. Add to this the simple fact that financing this exploration would be highly dilutive and we see yet another disincentive to changing the course we are on.
Fortunately both companies have other projects on which to concentrate and successes there could propel the share prices to levels more agreeable for a financing to explore Treaty Creek. As of right now, though, do the math for the dilutions necessary to finance a $2 million field session.