RE:RE:General Questions
Raptor 0's questions are germane, and Bandi's suggestions sound very plausible.
We are supposed to be an exploration company that finds properties, not one that develops them.
Bandi's suggestion of selling the proven reserves (I sure hope so) at this stage while keeping the newer Northern area makes a lot of sense. That would make Mr. Fipke a two-time big winner (having found two major mines), while still leaving the old billionaire a new project to play with (er, to prove up).
And, if a mine were developed at the zinc/lead/ silver property, the the new Northern gold/copper deposit would be right next door to an operating mine with a road and all that infrastructure. Sounds just like what Mr. Fipke's thinking would be. Why sell all of Cantex? Just selling the lead/zinc/silver resource that is ready for a major to develop makes much more sense.
I bought more an hour or two before the announcement of the private placement. I'm just as old as Mr. Fipke, so any time soon Sir would be much appreciated.
If we had not had his deep,deep pockets all of these years to provide a few million every time money was needed, this company would not just be diliuted, it would long ago have run out of money to operate with.
Skaha Lake 1