Bullish Copper, page-76

Jodran,

Some things are expensive to keep...some are effectively free. I'm sure the company has the experience and intelligence to work out that equation in general. In this specific instance, under Brazilian mining law if you have an awarded exploration report, ie the exploration report was accepted by the DNPN, then there is no cost to keep the tenement in case the ore body becomes commercially viable at some time in the future. So the response i'd suggest is why not keep it? Put it in the bottom draw.


The more expensive things to keep are tenements where you have not yet won the approval of the mining department for your exploration report (maybe because you haven't completed one yet) Those reports can be very expensive to produce...on top of the expense of drilling etc.