AMD 20.0% 0.2¢ arrow minerals ltd

Ann: Multiple Gold Targets Identified at Barlee Project, page-120

  1. 440 Posts.
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    Hi Barneydebear,
    You are getting confused as to the role of Exploration Companies & Mining Companies.
    SEG is an Exploration Company whose role is to find and prove up a mineral deposit.
    Then to either onsell to or Joint Venture with a major Mining Company.
    Just look at the example of Sirius a couple of years ago (went from 5 cents to 5 dollars in a few months).
    They sold out & then continue to search for the next deposit.
    Lets hope that SEG can follow their example.
    Whichever way you look at it any bonanza find requires a combination of good exploration practices & luck.
    Cheers.
 
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