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Table of Contents
How can we be sure our property position will be protected if we release positive results of our work?The property description required by MineMarket.com is general enough to alleviate any concern about third party acquisition. If you are concerned that disclosing the name of your property will identify its location, simply assign your property a fictitious name for listing purposes only. Back to Top
How can MineMarket.com help the typical exploration manager?Prior to the slide in precious metal prices in late 1997, major mining companies maintained average annual exploration budgets in excess of US$30,000,000. Such budgets allowed for a major to acquire 20 to 30 new property positions annually with a turnover rate of approximately 50%. Exploration expenditures per property ranged between approximately US$50,000 and US$2,000,000, with a discovery rate of 1 in 100. Interestingly, of the 99% of the projects upon which hundreds of thousands of dollars were expended to prove a discovery, many were terminated with little or no effort to market them to companies or investors with less stringent exploration criteria or reserve objectives. Management of major companies often held the belief that staff time would be better spent exploring new opportunities rather than "peddling" old ones. Marketing campaigns require a substantial commitment of administrative time and effort. MineMarket.com's provides major mining companies a very low cost alternative to terminating or dumping its interest in a property because its too time consuming or expensive to engage in property marketing. Back to Top
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