Post by
Maxmoe on Jan 21, 2022 2:05pm
What to fund?
Canada, especially the north, is blessed and cursed with its riches. It's like a gigantic birds nest filled with STARVING squawking baby birds but only two adults to feed them. Without foreign investment there is just nowhere near enough capital to even drill all the great prospects/projects , never mind develop them. Thus is the curse of smd, dozens of other companies just like them, dozens more prospectors (rock collectors) that would like to go public and raise $millions for drilling. Smd spinning out holdings and projects creates more baby birds cannabalizing their own access to investor cash. Lack of capital plus the simple cruel math that most drilling will not find a deposit means Smd and dozens of others do nothing. For decades. Until a couple big hits draws in a frenzy of new investors (suckers). Or you invest in the one out of hundreds that defies the odds and succeeds from pretty drill core like eira and gren Thomas carried around in their briefcase to raise money anywhere they could.