Barker has good ground too. I talked to Doyle and even ventured to try to finance him from TO. He turned down the deal, or rather his laywer turned it down, and likely he was right, as the shareholders were "difficult." Proxy stiffs mostly and someone else had the proxies.
I talked to Doyle several times about his "valley" I averred it had the potential he thought it had, and told him what I would do with it. This is what he did eventually more or less and found the stuff which may be on of the sources, about where I said he would. (Half way up the hill where they had a smell, on the west side) He has even nicer stuff indicated now in samples by my geological figuring. Side hill drilling is real tough, but he may get lucky.
Sullivan type sulphides are tricky in drilling and in locating to drill. Also tricky getting the money to produce, and once in production the money from the smelter. There is money in it occasionally and the thrill of the chase.
Our thing makes people'seyes glaze over as it is "small mining" we want to do. Oh groan! How small? Well 1 ounce per ton to 6 ounces per ton. BUT it makes money. We don't have to beg. And I can small mine here and small mine there, and there and there.. and placer and tailings pond. And we know HOW to make money on it where others merely spend money. Especially in placer and tailings pond, which we have done before for other guys.
OK., I take it back about not having to beg. Capital equipment takes money and you cannot do it without spreading the risk amongst the risk holders. And in order to do that you have to give them a comfort zone. I suppose that is where the shares come in.
EC<:-}
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