RE:RE:Still only scratching the surface and what about beyond the I think that was actually the original concept but as we've seen it takes an immence amount of time, money and energy to do these spinouts, but yes, that would be the preferred method.
And to drive home the point a bit further.
Lets look at a random 1000 meters along strike and consider that we are looking for two types of ore, the LP type on one side of the fault and the Hinge/Limb on the other . So we would need to drill 10 holes on one side and 10 holes on the other side or we maybe drill 10 very deep holes as we've just seen on todays release. So 20 holes at 500 meters or 10 holes at 1000 meters for a total of 10,000 meters.
I figure that's $ 2,000,000 and still we are just scratching the surface of that 1000 meters of strike.
Now considering it's going to take us another year to fully explore and model the 5000 meters of strike we are working on now, when the hell are we ever going to have the time or the $ 32,000,000 to explore the remaining 16,000 meters of strike ?
Goaweighs Exploration Co. is ready to launch !
Can anyone lend me 2 Mill ?
rborhi wrote: If that's the case, why not break the entire property up in two or three pieces then, and spin off one or two other companies to oversee the exploration on them? Create one or two entirely new management teams that can focus on each chunk and really get this moving?