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Re: SMResources post# 43139

Wednesday, 08/27/2014 10:21:26 PM

Wednesday, August 27, 2014 10:21:26 PM

Post# of 48039
There is no $125,000,000 in revenue. The company can make any wild estimate they like--it doesn't mean it's TRUE. Evidence points to the fact that it isn't true. If they really had $125 million in potential revenue, it wouldn't be sitting at .0003 on the bid. There would be no need for paid touts to tout it.

They used faulty methodology to arrive at this grossly over-optimistic figure. They don't even know what the pay layer is. They also released a fluff PR that talked about 'drilling' to find it. They can't afford to drill. If they did and found gold, they'd need an excavator, which they don't have. They said they can't afford it. Even after they've dumped billions and billions and billions of shares since inception....they can't afford it.

That's why this is going to no bid sooner or later.

A nation of sheep will beget a government of wolves. — Edward R. Murrow