PLAYFAIR MINING - PLY . V Message Board

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Gold/Mining/Energy : PLAYFAIR MINING - PLY . V

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To: Brumell who wrote (243)	8/1/2001 2:29:45 PM
From: Brumell	Read Replies (2) of 505

FWIW and IMO PLY have 3 options open to them. They are as follows: 1. They can option E1 South to either a major or a junior. However, this makes little sense unless there is some serious money attached to any deal. My hunch is this has always been a stumbling block to any joint venture. Others will drill but balk at paying up front money for the opportunity. 2. They can elect to drill themselves and do a small PP prior to drilling. Unfortunately with present market conditions, any new PP would likely be thin deal done at rates comparable to the last PP. 3. They can elect to drill with the money they have and gamble on hitting. If successful they could do another PP at far higher prices later. Until decisions are made, we can expect PLY to drift aimlessly. My preference is option 3 but I'm sure many will argue. As the world turns...... Bob

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