rickh, Blackswan is a wealth management and advisory firm. Nothing more to do with Sipa other than having them as a client or the Chileans for that matter either.
The amount ( $2M ) that Antofagasta has comitted to Sipa's projects over the next 3 years is chicken feed for them.
It is a well known fact that small explorers often have greater success with finding mineral deposits than major mining companies do. Because they are hungry for success and have to make every drill hole count. The big guys can often become like a public service institution. Bloated by waste, fat and inefficiency. No offence to any public servants :)
Major mining companies often spread money around between several small explorers that they consider have interesting projects. It can be like a shotgun approach. Or simply spreading ones risk.
Maybe you yourself own shares in several different explorers. Why ? in order to give yourself a greater chance of making money. No different to what the Chileans are doing.
Would you sell out for $0.20 or $0.25 if Sipa found a good copper deposit ! No and i doubt many others would either.
SRI Price at posting:
14.5¢ Sentiment: ST Buy Disclosure: Held
