Analyzing test data is a prudent first step before committing to any unknown risk/reward scenario. This is the primary tenant of any market-based decision. Gather all relevant information and make your best guess. If the tests show you good data, you can make a better guess. There is always room for error, but having all the data in place before you turn out that first widget is the best way to increase the likelihood of success.
Cannon Exploration Inc., a minerals exploration and development company, works to discover quality opportunities for mid- and long-term property exploitation. The company works from a conservative point of view, using well defined geological parameters to establish profit potential before beginning operations.
In typical Canadian fashion, the company begins its exploration process with the intent of not moving forward until it is reasonably sure of what it is going to find. One of its primary goals is to ensure shareholders that their investment dollars have a “reasonable “potential for results. Its practice to reach these “reasonable” levels involves a predetermined set of geological parameters that indicate the presence of mineralization consistent with return on investment. To this end, the company has entered into a letter of intent for an option to purchase up to 100% of the “Queen Alexandria” mine in Northern Ontario, Canada.
Currently, the company is positioning itself by looking at properties that meet its defined parameters. It sets these parameters with defined limits, structuring them to meet the flexibility that each property requires. If leases do not meet requirements, they will be rejected outright or pursued in such a way that shareholder value is maximized and risk reduced. Cannon Exploration is committed to building a value-based portfolio of properties that will provide value in the long-term minerals marketplace.
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