Mining Company research board

[1manband]

Does it impress a prospective investor/sucker more if they appear to be that much closer to production by calling themselves a development company?

Absolutely! Many of the people that are buying these OTC resource companies understand very little about mineral exploration and production. Therefore, many of these companies do everything they can to convince people that production is just around the corner. Which it very rarely is, as the vast majority of these companies have nothing to produce and are performing no legitimate exploration work at all. Their real business seems to be selling stock, not mineral exploration. They give legitimate mineral exploration companies a bad name.