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Gold/Mining/Energy : PLAYFAIR MINING - PLY . V
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To: Brumell who wrote (252)8/3/2001 12:08:23 PM
From: Claude Cormier  Read Replies (2) of 505
 
I think they should option the entire property South and North. Of course there are various way that a deal can be structured.

The essential is not the upfront money. It is the commitment to spend as much dollars as possible and the sooner as possible. A 30%/70% should be enough to attract the major if the entire property is in the deal.

Also they should try to be carried to production..if this is possible in the current evironment. This is much better than upfront money.

If they are successful, they should keep their dollars and stop issuing shares.

Option 2 and 3 make no sense with the kind of money they have and the current market conditions.

Well there is another option.. they can wait for better market condition.

Claude
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