Apparently it's a good idea.
What I have found is most investors want a sure thing, 43-101's, can't miss when you do a start up, despite the complete lack of such deposits in the historic inventory. They all have questions about grade. They all lack 43-101's. They all lack data. They are all expensive to requalify. They all are expensive to investigate. They all require deals to get. You cannot stake resources. Or rarely. So all else is the packaging and the bullshit. Swells, with degrees and qualifications, half of them without a clue how to assess or do the technical work on any deposit, quite apart from their supposed experience. Always the same old story. And they investors want 5 cent stock, and they don't want dilution, and they want to know how much money you have in it, and why you have to buy a shell and why the old company would not continue to mine it, and why didn't someone else do something with it before. Why did Noranda drop it. etc etc.. etc..
The old glass mountain. The same old story for the past 100 years. Since Cobalt mining accounts get no credit. But with a few the metal prices and the company's IPO's begin to dawn on them. For the most part the CDN investor is not there. They never were. What fueled the mining market in the old days was the lack of capital gain tax and the massive investment from the US into our markets. There are perhaps 100,000 CDN rollers in the mining market. That is all. And they want to dump their shares within 6 months into the market. They don't need no stinkin' development deals. The Chinese will buy our resources for 5 cents on the dollar before we do. Mining, it is rumoured makes no money, If you tell then that Teck corporation made 300 million dollars profit on Molybdenum alone in 2005, they tell you you ain't Teck. As I pointed out what started Ventures in the 1950's and Joe Hirschorn was money. Exploration money. Millions. 50 million into Ventures in 1955. Figure it out. And we are left with the echo of their projects. Lindsley's Quebec Metallurgical in 1958 had one of our moly properties in quebec and took a 12,000 ton bulk sample.
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