Sunday, December 05, 2010 12:15:39 AM
"The ultimate objective of the Company is to sell mineral properties that it has located, explored and developed by attempting to enter into joint ventures with, or to sell interests in any property it manages to develop to, a major mining company; the Company expects that such a company, should the opportunity arise, will in all likelihood make the decision whether to enter into a joint venture or to purchase a property in its discretion.
Management hopes to develop relationships with certain major mining companies that could assist the Company in implementing its business plan; however, there can be no assurance that any such relationships will ever materialize. Management expects that the price of each property will be determined by the anticipated amount and value of minerals it contains. If management is able to acquire a pool of gold assets, management expects that it would attempt to sell them to a major mining company that would then bring the property into production.
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The Company believes that the stage at which the interest of a major mining company is likely to be elicited is very subjective and subject to numerous facts and circumstances that cannot be predicted by the Company with any significant confidence. However, the Company believes that such companies have in the past become interested in a mining property based solely on the discovery of one promising drill hole having, in the opinion of such mining company, significant potential to contain substantial economic value."
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7587029
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