Wednesday, March 3, 2010

Assay lab - Century should try using it as a revenue generating source

I have seen companies use their in-house drill service as a third party outsource provider, especially in between their own drill programs. Century should look into applying this concept for the assay lab. It seems like there is a million little gold exploration companies drilling like mad in the Val d`Or area right now. They all need to have assay work performed. Century should provide this service to them, especially in periods when our lab is not as busy. It could be a nice little source of revenue for Century. The profits could go towards partly funding Century`s exploration programs (perhaps help us to be even more aggressive on the exploration front).

2 comments:

rhump said...

Great point P5. May be then we would not need to JV the rest of the property for exploration drilling. We could use these monies to fund the project ourselves.
It is nice to feel as sure as I do about the future of CMM, knowing all too well how close this company was to bankruptcy 4 months ago.

Anonymous said...

It is not a great idea since it dilutes energy from the primary objective. Besides, what mine is going to trust the mine next door not to use the intelligence (G2) coming out of the results. Realize too that in today's UPS / FedEx world the concept of a local assayer is an archaic term. Why think in K$’s instead of 100M$’s? PC