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IMHO it is a game of risk. The more MDIN proves up, the more expensive the price tag becomes. Maybe a major, having seen the old reports and mining results, and then MDIN proven quantities, will take a chance and try to save some money. Just as Mike pointed out with the 24 million purchase price, if MDIN waited to drill, prove, then pay, the price would have been much higher, and MDIN may not have even gotten the land. Thats why they are called "business ventures." There appears to be old reports and mining throughout the properties, so maybe a major will take a chance on the whole shooting match. However, obviously the three priorities have the best possibility for the most reserves, and with those proven up, will come the majority of the value for MDIN. Then we turn to the Andacollo......Then maybe you and I can get some golf lessons???? GG |
