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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: philv who wrote (59678)	5/25/2008 11:39:21 PM
From: E. Charters	Respond to of 78424

Jobs for geologists. They lack the skills to find a new deposits so they scarf one off a major who does not want to develop a smaller one. They get life in their stock for a few years and a so so stock price. They live off good salaries and options for a while. Nobody gets rich, but they do better than average. I have yet to see on of these 25% deals turn into a 10 dollar stock in any company. It's a dream. You have to believe after all that hard work that the major after exercising their back in right, which is usually 3 times what the junior has spent, will then ramp the thing into production pronto, or will exercise their back in right at all, whence the feasibility shows neither party can afford it. Meanwhile for average good geos there are plenty of good grass roots areas which yield to intelligent investigation and plenty of smallish properties that could be expanded. It's a matter of taste. One company that has a fabulous base metal property in the Mattagami area, Donner Metals, is subject to forward 50% back to 35 after spending 20 million by the major merely bringing in the feasibility. "Donner has the option to earn a 50% participating joint venture interest in the Mattagami Project by incurring a total of $20 to $23 million of expenditures on exploration and related work on or before May 31, 2011. Upon the expenditure of $20 million by Donner, five separate joint ventures will be formed, covering the property and the area of interest. In each of the five joint venture areas, Xstrata Zinc has the option to earn back a 15% interest in each area by incurring up to $20 million on a feasibility study." What has this done for Donner's price? They are sitting on 9% copper over 28 metres and 25% zinc over 4.5 metres and they have a 35 cent stock price. EC<:-}