Thanks for your research which led to my research.
Post# of 8059
Posted On: 01/06/2014 2:31:34 AM
Re: mediscience #5879
Thanks for your research which led to my research. Didnt mean to embarrass you in case you were but knew some would be confused by the 103* longitude map and not be able to understand.
As we know, researching in Mexico can be difficult because,inter alia, we dont know the spanish language equivalent for many things we'd research. But, by backtracking your search, I discovered the proper spanish spelling for the Mex equiv of the USGS topo etc map division.
As I've researched many other miners I've noticed the transition from exploration licenses to production licenses.
Your site is talking about production licenses I believe -not actual production,except for Baja 14 of course.
Companies do some exploration before paying for a concession,and then more sampling under an exploration license-prospecting,mapping but deeper sampling etc of large lots or induced polarization/ drilling etc w large equipment often cannot be done without a production license.
E.G., a 5 symbol startup iron co in Sonoro state across the Gulf of California from Baja, on the OTCQX, trading for less than 1/2 of a recent pp,obtained or is obtaining a production license so they can test iron in 1000 plus ton lots via large equipment,which they could not do w an exploration only license.
So, my supposition, given CWRN's priorities, after executing exploration sampling w an exploration license on those 3 properties, those properties were considered sufficiently promising to warrant obtaining of a production license. Then, after sufficient revenues are obtained from 1 property, they can internally finance production on another property as part of the growing process.
As we know, researching in Mexico can be difficult because,inter alia, we dont know the spanish language equivalent for many things we'd research. But, by backtracking your search, I discovered the proper spanish spelling for the Mex equiv of the USGS topo etc map division.
As I've researched many other miners I've noticed the transition from exploration licenses to production licenses.
Your site is talking about production licenses I believe -not actual production,except for Baja 14 of course.
Companies do some exploration before paying for a concession,and then more sampling under an exploration license-prospecting,mapping but deeper sampling etc of large lots or induced polarization/ drilling etc w large equipment often cannot be done without a production license.
E.G., a 5 symbol startup iron co in Sonoro state across the Gulf of California from Baja, on the OTCQX, trading for less than 1/2 of a recent pp,obtained or is obtaining a production license so they can test iron in 1000 plus ton lots via large equipment,which they could not do w an exploration only license.
So, my supposition, given CWRN's priorities, after executing exploration sampling w an exploration license on those 3 properties, those properties were considered sufficiently promising to warrant obtaining of a production license. Then, after sufficient revenues are obtained from 1 property, they can internally finance production on another property as part of the growing process.
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