Volt Carbon Technologies Inc (TORVF)

[Monroe1]

Exactly right. Those are the trenchs and dry holes that come with mining. However, you assume that all mining companies open a mine. When they do, the drilling and proving up the reserves determines when and where to begin. This can take decades. However once again, many miners never intend to be come full fledge operators, They trade and sell assets and build up reserves then to sell later at a huge profit and overriding royalties. Nice. Now some go on to partner with others of deep pockets to develop the mines. Nicer yet. And always, any sale or farmout includes a real nice royalties from future production. I really like these pre-development miners as the upside is huge often. You need patience in the mining field.