| They've only got 300k in the bank, if they drilled now they would absolutely have to set aside say 100k for survival in the event of a bust drill programme even if they were running the company out of a basement with minimal cash burn ... that leaves around 200k, ~1.2m nuevos pesos mexicanos ... not much ..... as a casual speculator with a tiny interest, sure i'd like to see them drill on a shoestring and hit big on hole number three and we all get rich quick with no sharepaper dilution and no property dilution, and hey why not throw in zinc going to three bucks US ... life so rarely grants my wishes, however, and so perhaps Claude is thinking more responsibly, maybe Playfield could scale back their expectations and consider some JV offer for the whole property [if - and it is a bit IF - they have been offered a reasonable deal on the whole property] ... cash on signing, that's no big attraction to the shareholder, better to go for the healthy NSR and/or carried property interest .... something like Anatolia has with Río Tinto ... and cut the g.d. cash burn! ... but at the end of the day, lacking full knowledge of the situation, i remain holding, cautiously hopeful, toes crossed, with no fully formed opinion either way |
