Friday, April 15, 2016 7:27:32 PM
But mining operations are more successful than any I've seen in a jr startup. This is incredibly undervalued imo-due to a perfect storm of mm/broker/dtc/otc games-and therefore a huge disconect between operations and pps.
When the perfect storm eases and financials or uplisting or news re Bao even pps should rise substantially-as it did Jan 2011 when it rose 85%/day-gapping up everyday-the only time period since possibly may 2010 without substantial mm etc manipulation and where market forces operated unfettered.
At some point Bob will update on Bao etc-even when negotiations are done(and they may be-dont know) principals still have to agree on what info to release and when.
For true longs this should pay off handsomely. The vast expansion and equipment which will raise production several fold (whuich our equipment expert said re cat 375 w ripper bucket alone) indicates the mom and pop stage is no more.
Before recent cat 365 /375 purchases excavator capacity was 4-6 cu ft bucket. Cat 365 and 375 are both ca 7 cu ft bucket-each being more than the total of the original 4 small excavators. And more such 7cu ft bucket excavators would seem to be coming to fully exploit the vast expansion. The expansion is also a statement of cwrn's relatinship w Bao and apparent certainty re longterm buying of ore.
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