Replies to post #26968 on VIPR Industries Inc (fka VIPR)

[nuron]

Here’s my 2 cents worth on how this may play out:
VIPR is an exploration company and doesn’t have the financial resources to complete an expensive drilling program let alone the knowledge and experience to develop a mine. VIPR may drill a few holes to boost their position, but then they'll seek out a JV partner to develop and mine the gold. They were fortunate to get concessions they have in an area with current gold extraction by artesian miners. I think VIPR will choose the easy way out. They own the resource so why not let a JV partner pay for drilling and development. VIPR management can sit back, relax and collect 40-50% of the profits with no further work. VIPR can then move on to the Uranium and repeat the process.
Of course this scenario all depends on a good MMI and finding enough gold to attract a JV partner.
:-)