I really wonder as you are a NON HOLDER why you have so much concern as to the ongoings of PDI
I really think you need to sit down and understand the nature and structure of PDIs business.
YES, PDI do have large land holdings and are very smart in doing so. As they say , the early bird catches the worm. PDI have got in early and locked in what VALUE there is in these permits by committing themselves to further expenditure to find what they are worth. These are all PRIME permits in a very rich area noteworthy for its discoveries and GOLD PRODUCING MINES, very much like the Kalgoorlie, Coolgardie, Boulder, Kambalda region of Western Australia. Are they dumb not to be holding these sort of leases.???????? May to add too is that it is CHEAPER to run these operations than in other parts of the world.
PDI initially own 100%of these leases and to cover lower costings after initial exploration of trenching and some RC drills these results are then used to form JV and cover costs. YES, PDI worth is to whatever deals are done and if it comes to a 25% or whatever if it is in stake then its a lot better than NOTHING. I would mind a 25% stake in a GOLD PRODUCING MINE with rising commodity prices.
Cant complain about PDI doing CRs and getting RESULTS that will eventually up the SP considerably. Some sort of activity is ALWAYS happening on more than one these 15 permits they hold, so you CANNOT say that PDI are inactive and sucking funds to the tune where they are bleeding SHERs or SI investors. The results are there and well proven that there is great potential for further exploration but unfortunately it takes more money.and in having JV partners the costs are lowered while still having a significant stake holding.
Having progressive, hungry fore more gold JV partner that see potential in your assets are a major scoop. They will not lay down and bleed SHERs on worthless potential projects.They do not throw away money on worthless projects that do not stack up on potential.
Resolute as we know have 8Moz of gold in reserve and are JVing in the FERK and BOUNDIALI projects that have limited exploration to date and with whats done so far has already been declared as a SIGNIFICANT gold discovery.
What do you know of MONTAGE GOLD CORP. This may open your eyes a bit to who and what they are and do have the backing of some very surprising partners.
MONTAGE is a PRIVATE owned company back by 2 other miners in ORCA GOLD (60%) and AVANT (40%) respectively. Of this RESOLUTE MINING is a major SHER in ORCA GOLD. Political instability in Burkina Faso is holding up our project in Bira for further developement which has a resource of 184K oz and our share is 49% and the Bobosso project in Cote D" ivorie in gold production ROYALTIES much needed cash for us for future funding.
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