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

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To: Claude Cormier who wrote (290)8/16/2001 1:09:55 PM
From: Brumell  Read Replies (1) of 505
 
<<< The chances of missing the good stuff are high. >>>

Perhaps not, Claude. If they get a sniff, borehole geophysics can help lead the way and Briggs knows all about that. Watched a company he is involved with test a near-vertical VMS deposit at depth a few years ago. They did a masterful job. Briggs knows the options available and when to use them.

Claude, either way, alone or in jv., PLY will do well if they hit something. What really bothers me is seeing all today's juniors assemble a land package then go running to majors for support. It's nuts and despite claims of difficulty raising money, unnecessary. Truth is these companies would rather promote than explore and it bugs me.

I remember many juniors who drilled successfully THEN dealt the property. There's a long list of them. Further, look at operations like PDL and ask where they'd be had they gone with majors while juniors before drilling their property. For that matter, ask where PFN will be even if a mine is developed and they're carried to production?

Either way, PLY does well if drilling successful. My preference is going alone and hat's off to them if they do.

Regards,
Bob
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