Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: marynell who wrote (289)	10/23/2001 1:50:40 PM
From: russwinter	Read Replies (2) \| Respond to of 39344

The problem is that the "public market" (stock market) isn't awarding companies for exploration success, so I can sort of understand where Reifel might be coming from. The big question I have is why aren't there any "private market" transactions (project sales) that ought to clear at much higher prices than that of the public market? Are the prices between what's offered and what's being asked that far apart? I asked that of Mark Bailey of MFL and he said "not really". The other theory is that the major companies aren't planning on staying around? Or perhaps they figure there is no rush, as there will always be time to do deals? In reality there aren't any ideal projects available for majors. There are some good "mid-tier" projects, but of course there aren't really very many mid tier companies left.