Avalon, Basicly A Geological Consulting Firm
I'm extremely long here but How much can a consulting firm really help us? I was hoping for a partner with deep pockets. It's better than no help but it raises a lot of questions. Avalon can direct us where to drill and probably run samples but what else can they do? They have no deep pockets and NAM now has them on the payroll. Which means dilution but how much? Who's going to do the drilling and where does that money come from? If NAM really is going to drill themselves. How much dilution are we looking at? If NAM does a Private Placement at this level dilution it will surely be great. 20 million dollars spent drilling on the River Valley to get 600 plus holes drilled. I'm hoping NAM gets some money coming in from surface mining the footwall before they do much drilling. Drilling 600 plus holes cost 20 million. We now have a market cap of 7 million.. I hope NAM is paying attention. Yes, I too hope there is something GOOD to follow and there is more to this story... A quick look at Avalon, Looks like Avalon takes in a million a year and has about 10 employees. It seems Avalon's has a good reputation but just a very small private company...Just my opinion...