Ann: Trafford update on Twin Peaks drill programm, page-7

re: Ann: Trafford update on Twin Peaks drill ... Thanks Hots, I was going to respond in a similar way.
Trafford is an explorer, and would always look to JV, partnership or sale to get discoveries up and running. Like using IFE with a 20% FCI to get income while continuing to explore prospects. Most mines cost hundreds of millions if not billions to get to production stage, not something that a small explorer does. Small cap explorers are a riskier investment, playing on the excitement and blue sky they generate when announcing discoveries. The market's appetite for these investments has been off since the GFC and will return when cash flows out of bonds and deposits and back into the market.