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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.70

-0.3%

Dec 5 4:00 PM EST

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To: d:oug who wrote (89416)	9/8/2002 11:55:33 PM
From: E. Charters	Read Replies (1) of 116796

It is up to each guy with bucks to make the deal he so desires. It is tough to raise money. If one does it privately, one has trouble forming a share payout system that will satisfy. Partnerships at more than two agreeing people, are too legally unweildy to operate and impossible to dissolve. Share buy out agreements are best. It is impossible to run a property or claim, if the investors tell you what to do at every turn. They are not the mining engineers, so should not control the business of the company. This leaves share incorporations, syndicates or public companies. The investor's only comfort is the prospectus, the feasibility, the competence of management or the share buy-out and dividend agreement. It is impossible in a venture agreement to guarantee grade or tonnage. You can only speculate. That is were every property acquisition starts. No matter who does it, they always start with someone else's story. And every claim has to start with zero dollars. No one would put money in until it started to look interesting. EC<:-}

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