SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : PLAYFAIR MINING - PLY . V
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Brumell who wrote (293)8/16/2001 2:33:23 PM
From: hank2010  Read Replies (1) of 505
 
Good exchange Claude and Bob! IMO, if there is nothing of economic importance, it matters not if ply goes it alone or does a deal. If there is a whopper and the first few drill holes hit, it is obvious that ply going it alone would be the much better option for us.

The tougher call is if they get strong smells but no bonanza on the initial program. If ply does not have the cash, going it alone is a p poor deal. We all know that majors have more access to cash, but I suggest another facet. The people responsible for the decisions by the major (or respon. for the recommendation to higher ups) often suffer from the turtle syndrome and are afraid to stick their necks out. I have seen this happen when inconclusive survey after survey are ordered up instead of biting the bullet and drilling. I have also seen situations where inconclusive drill results are not followed up because someone is afraid to recommend additional expenditures on what may be a dog.

I look at ply as having found a great drill target. They have been successful thus far, and I congratulate them on that. If they go ahead and drill and come up empty, I will lose some money, but I think I would continue to hold the management in high esteem and would want to participate in their next venture. Somewhat like Bob, I see this as the proper role for juniors, and strongly support an aggressive management who are not too chickens*** to test their own beliefs, and put the drill bit to it!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News