In the early days of the industry, miner's exchanges provided Stage-Two funding in what later became to be called, “juniors.” Did this process of putting together capital and prospects, to prove or disprove the deposit, work? Yes. Should I be a namedropper, as Stanford, Crocker, Gould, Guggenheim, Rockefeller, etc. —all had success being on the “inside“ position of mineral property development. Oops, I almost left out the Hearst family. Did you know that their fortune was built on a 5 percent interest in the Homestake Mine in Lead, South Dakota?

Stage-Two financing through local miners exchanges out West had the advantage of the investor of being able to gather information by visiting a prospector —taking a look at the rocks— selling shares to fund development. This direct process was much different than today's practice of buying into large companies listed on major exchanges, back East, and being the last to hear the results of a drill program.

    Other practices, realities, laws over the years have had their effect of killing what once was a viable endeavor —mineral exploration— by forcing operators to violate good sense by “spending all your money above ground.“ Granted, much of the SEC control over the years has been to the good. It also created full employment for vast number of silk stocking attorneys and accountants with initials after their name. The SEC can't hire enough of these so, they have to rely on Arthur Anderson lending them “Anderson Fellows” to sit on the regulatory boards governing -themselves! Maybe I should make that punctuation a question mark?

    Since my introduction to the corporate world during the uranium boom of 1955 in Moab, Utah, I have been trying understand the terms and conditions of those in control of exploration finance. In particular I would like to know why it would take more money to raise money for a drill program by going public through investment bankers, than the program would cost itself! That sentance rates two question marks??

    The time has come to suggest their must be a grassroots way of spreading the risk of drilling a deposit by attracting funding to see if the surface values continued to depth, as outlined in the project profile here on “Alaskan Silver.” Or, other projects we may profile in these pages.

    We can't suggest direct investment by the old fashioned practice of offering shares to the public — even though the world wide internet is in ways a frontier community, not dependant on being ruled by Wall Street— so the purpose of this web site is to try to find a pathway that would work. It has been suggested that since courts have always held a mining claim to be “real property,“ then maybe some of the creative tools used by property developers might be the answer. Or would this be stepping on realtor's toes, leading to further protectionist regulations?

    So, lets start with the beginning,
    A) Here is a property stalled in the development process for a lack of funding. This is qualified information.
    B) You supply the creative thinking of how to legally find win-win capitalization for the suggested drill program to prove/disprove the value of the Win claims. That is finance.
    C) If the surface values continue to depth, it should be It should be fun providing financial guidance on something so simple as digging up “buried wealth,” instead of creating it by leveraging the insane worth of a square foot of Tokyo real estate. Get busy!

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