RE:RE:RE:RE:RE:RE:RE:Key Piece of Information on StormMy disagreement is with you and your portrayl of the area in which I have lived for the last 49 years. I take offense at that. Stop using that we are too far north as one of your ways to discourage others.
I had shares in the Chidliak project when they got sold out to DeBeers I believe it was, and that I agree wasn't a good day.
Large mining companies walk away from projects all the time; if it doesn't fit their model off they go. Even if it means they missed something......and not just in the far north, cause it's too far north.
A perfect example was when Great Bear Resources picked up their Dixie Project for around $240,000.00 from a major, because the major wasn't looking at it the same way, and GBR went from mere cents to $29 plus per share.
I do however agree with you on the share value, the number of outstanding shares and the percentage of owership. Last year or very early this year, I saw a video of the CEO on the same panel as GBR and in it he alluded to wanting to be the next GBR....on seeing this I thought to myself, then why doesn't BAY reduce the shares outstanding, because that is what GBR did early on when they got started.
I would much rather see 40M outstanding than the 200M now at this price. It's gonna hurt, but I feel there is much more chance of getting financed after a 5:1 reduction and a .15-.20 per share price than what is ever going to be had now.
schocor wrote: Well, it woudl appear that the worlds largest mining company - BHP - and one with EXTENSIVE artic experience (Childiak, Hope Bay, Ekati) disagrees with you.
Not to question your credentials on this, but if the largest mining company in the world drilled at Storm, then abandoned their earn in agreement after only 1 year - well do yuo see this as a positive? As a reminder, they pumped millions and YEARS into Childiak and Hope Bay before turnning those over, but at storm it was ONE AND DONE.
If you see a future at Storm, and think yuo are getting good value for the 20% effective interest Aston has in this project, you can buy all the shares yuo want at $.035.....and I think that says something on it sown as well.