MARUM RESOURCES ON ALBERTA Message Board

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Gold/Mining/Energy : MARUM RESOURCES ON ALBERTA

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To: JP who wrote (912)	9/29/1998 6:10:00 PM
From: Leigh McBain	Read Replies (1) of 2514

Yes, I agree that a major would bring capital along with it, but at a price. The relative price that a major is willing to pay, to buy into a project, is still relative to the market value being placed on the asset, at any given time. With the current state of the share price, for the company, that valuation is still quite low. As long as the company can afford to keep the work progressing, they are better off doing so (IMO) without the involvement of a major. Then when they have a package to get a major salivating, go after it. I just don't see a a big long term advantage of trying to generate another partnership at this juncture (as long as nothing of significance gets shelved because of lack of funding). Just my perspectives. Salut, Leigh McBain

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