Sunday, August 12, 2018 5:41:12 PM
The Company’s Rationale for Seeking Joint Venture Partners The Company has clearly stated that it is not in the business of “going mining”. with all of the attendant problems associated therewith and the enormous amount of Management and Management attention required, thereby detracting from the Company’s stated core business; which is to add significant value through extensive exploration work and then to either (a) dispose of properties for cash (b) contract the mining of the properties to a third party or (c) to Joint Venture with a Mining Company to produce upon the properties in the Company’s portfolio.
The Company is committed to significant expenditure on its portfolio assets through extensive exploration work. The Company is seeking to prove up reserves on these Properties through Geological Survey, the employment of at least two full time Geologists and through a substantial number of carefully measured and planned drilling and other exploration programs.
The Company under these circumstances would entertain serious offers to Joint Venture on any of its portfolio assets if the approach was made from a credible and extremely very well-funded source with very significant experience in this area and with highly experienced Management.
Any such Joint Venture would involve our Partner being solely responsible for Mining operations and only upon an appropriate and equitable profit sharing arrangement.
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