I saw the same show. Ian Rozier sure seems like a straight shooter. I was very encouraged by the things he said. Basically, he expects (not hopes)to find 3-5 million ounces, and to have it proven within the next 12 months. He said that the massive sulphide deposit would take longer due to the extensive amount of diamond drilling that would be required to prove it up. Also intrigued by the fact that several mining companies large and small have been to Bolivia to see the property, and were interested in doing JV. He said that ESX was not interested in JV the 'Flagship' properties Miguella and El Porvenir (which is already JV with the Bolivian Gov't with ESX getting 85%). "Why give up 50% of the property so that someone else can spend the money that we already have, and that our sharholders have given us to use" he said. Also interseting that they own a gold mine in California. Don't remember ever hearing this before. ESX other Bolivian concessions were aquired when they took over a company which controlled 5 Bolivian companies that held the property rights to 8 concessions. They obtained info. on these concessions from the British and Bolivian geological survey, and then proceeded to hire the guy who did this work.
Rozier said that he would be interested in JV the companies other projects if the work load became to heavy. "The philosophy being that we would rather have 50% of an active project than 100% of a dormant one" he said. He also discussed how much better the situation is now for Jr mining companies to obtain financing. This allows the companies to develop projects much further along before doing deals with mining producers. "this gives investors much more bang for the buck". He sited BXM, AQP, and FGX as examples of companies that produced great returns for shareholders because they could carry a project further along before selling out, and FGX recent 30 million financing.
The hosts and Rozier discussed how important Ted Carter and Bob Bishop have been to them, because they and other newsletters have provided ESx access to thousands of investors. They mentioned how these newsletters could make or break a company based on their due diligence.
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Sorry for the disjointed post, just tring to get as much down before I forget it. Will post more if there is interest, and if I can remember more. This one sure looks promising. See ya. |
