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Gold/Mining/Energy : Flag Resources (FGR.A A)
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To: Berry Picker who wrote (3778)6/20/2002 8:55:37 PM
From: hank2010  Read Replies (1) of 4269
 
In a word Elect, Yes!!!! When you look at the size of Flag's land package, it is almost impossible for a junior to finance the yearly work commitments necessary to maintain the claims' status. With Flag at this low price, it is impossible. It is almost impossible for a junior to have the full time staff of experts to conduct a proper exploration program on this large a land holding. Flag is lucky to have 2 seniors (Inco and Falconbridge)interested (i hope they are still interested!)in portions of their holdings. These guys have built up a store of knowledge from over more than a century of operating and exploring in the immediate area. They have been innovative in developing new geophysical instruments and approaches. They have been innovative in applying new developments in geochemistry and geophysics to their exploration approaches. And yes, they have been a little too cocky in some people's opinion and may be hard to deal with. But if both are still interested, Flag should be able to get a fair value deal!
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