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Ok let's look at the facts. What is the NPV? What is the value of company assets? Besides the shares sales, what are the company's revenues? When you get these numbers, divide this into the share structure. If the number is negative, then accept ZERO as your value.
Tell me where surface grab sampling fits into this? Exploration for mining REQUIRES exploration drilling. GNCP hasn't done this! Surface sampling is a first step DD process BEFORE a company invests.
Signed by Parkenson? Yes tiddlywinks-winks! Surface -grab sampling? Absolute bullocks!
And you wake up and find it's all a dream. Assays show value. Name one bank that'll find this project!
The whole thing is Conway Twitty's greatest hit "it's only make believe'l what do you expect?
There's no value to this company because it's all an illusion. The real NPV is so negative your share value is actually -.02. Remember assets plus revenue minus debt divided into the AS.
Ewing this news, if it was real you should be at .50 per share. Taking into account the size of the property, open top mining depth at 20 meters deep.... .50 would be a minimum...if it was real
Fools gold. This stock is do diluted now and even with these (bs) assays it's at .0003. Getting harder to flip. And this DD is negative btw. No bank is going to finance this dog. It ain't going to hunt.
No way there's enough commercial find on surface sampling. First of all, this has been mined and abandoned. It is was commercially viable why would it be abandoned? These samples taken were from the past yes? The old miners took those samples and abandoned the mine. They did their own analyses. Why would they abandon the mine if it's able to produce. 29 oz per ton. That's 0.74555 cubic yards of dirt (about a bucket load from a 1 cu yd backhoe. Every bank in the US and England would be lining up to finance this project and several larger mining +7 707 9679014companies would be looking to buy them out. Funny! I'm not reading this.
They will only be used for the company to justify more than doubling the AS and further dilution.
GLWT!
Bullocks! Absolute bullocks! No way he can come to this with surface sampling.
Dump what? 350 mn shares? What's to dump?
I didn't ask about the other 99%. So you admit no revenues and no assets?
Still no takers? No revenues and no assets equals no value
It would be a Howard Cosell moment for sure! "Down goes Blom! Down goes Blom!"
This one's even got a tune. Triple 0 "one is the loneliest number that you ever knew." Three Dog Night
Agreed. Wonder where the blame will go when that happens. I think shorty's been down for the count more times than Frazier went down from Foreman.
One more step down and it's ALL over. Gee, wonder what happened to the run we've been expecting.
It's already happening
Turn out the lights, the party's over. Put this one in the books...another Lumber falls
It is the facts that you don't address. 10 bn AS and 10 Bn OS....dilution
And which one of these are producing?........ He's run them all as scams with Lumb, including this one.
Facts are not off topic. No assets, no revenues equals NO VALUE!
And that's not desperate...that's a fact!
The facts speak for themselves. 10 BILLION shares? For what? They don't own anything. No assets and the ONLY revenue stream....shares!
Absolute bullocks! It's really called dilution!
The shares have to be coming from somewhere!
Let's start with the current AS and OS. 10 BILLION shares? For what? And! They are about the same. The company had to SELL those shares for this to happen. No one has asked the company to give an accountability of this money...no one!
There are several posts linking GNCP to the "sisters!" They are ALL failed similar she'll companies overseen by the same people. There has been ample proof provided connecting Lumb to this shell and it has the same mo! There are even people on here thinking the old shells will be resuscitated!
Let's not forget the following:
1. Question to you. What is the NPV?
2. Another question to yo. The company mentions "value to the shareholder" in its mission statement. Quantify this please! And make sure you take a hard look at the pps.
3. When the debt is paid, what are the assets?
4. What are the current assets? E.g. What does the company own?
5. What is the company's income or revenue stream?
6. Do some math. Assets minus liabilities equals what? Now divide that number into the share structure and multiply by the number of shares you have...now you see what your shares are really worth!
7. With no revenues and the OS equal to the AS, how will the company pay it's debt without increasing the AS? E.g. More dilution?
The company paints it's own negative picture. This screams SCAM!
You are absolutely correct. These assays are a clown show. Waste of time and investor money.
Unreal! There's been plenty of proof posted in here and the fearful have threatened giving it to the company to file legal action. Yawwwwn, I responded with "bring it!" So where is it? Yet, there's been zero response to to content!
Lol, you mean read the assays. With the numbers they're saying it is a comic book report
I agree and it's very clear that NO reputable company would jv with GNCP with these bogus assays. No way they can come up with these numbers on these sampling methods. Lumb and Dumber are counting on investor ignorance...
You make it sound that simple. The truth is there's a process and this ain't it! It's bogus and you know it. These assays are what needed to be done eons ago and are nothing more than DD samples. Nothing exploratory. If it had been exploratory, there'd be confirmation drilling-coring, 3D geo modeling, where each core would me laid out and each specific depth tested. A cost to produce map developed as part of the feasibility study to ensure its commercial feasible to produce.
This is what a real JV or partner like a Terravision would look for. Of course they'd do their own DD and go out and do their own confirmation sample drilling and coring.
But nooooo, they send out Johnny (parkinson) with his little red wagon and plastic bucket and take surface samples. Try and take that assay to a bank and get financed! Never happen!
What basis could he do mapping? There's nothing verifying where the samples were taken, what depth or any of that! Anyone that knows anything about coring knows when you lay out the core tube and open it up, you have samples taken at specific intervals AND with a gps reading backed up with a landmark.
This type geo is really nothing more than Exploratory DD to detect the presence. This type of DD should have been done long before shares were wrapped around any mine and NO WAY this type of sampling and evaluation is used at this stage. This is useless and a true waste of time. Pathetic !
C'mon! AS and OS parallel to each other? Convertible shares for debt owners (fictitious debt)? Lowenthal, Lumb and a couple others....what would you call it. Interesting enough, Ted has NEVER fully disclosed Lumb's relationship with the company.
By the way...where's the report due over the weekend? And, what's the NPV?
C'mon! AS and OS parallel to each other? Convertible shares for debt owners (fictitious debt)? Lowenthal, Lumb and a couple others....what would you call it. Interesting enough, Ted has NEVER fully disclosed Lumb's relationship with the company.
By the way...where's the report due over the weekend? And, what's the NPV?
Unbelievable! Johnny's red wagon and plastic bucket type sampling tells us this right? If this were remotely true, Terravision would have competition going after it. Especially with the price of copper.
Completely agree. Some of these guys really believe in this shorting stuff. Truth is like you say....dilution
Absolute garbage peops. These are all part of the Dead Lumb Society. Undervalued? Paleeeease! All of the companies were Lumber scams and now the guys links GNCP to all of them as their sisters. Which also means it's a scam! Truth is NONE of these are producing mines AND if you look at their mission statements you'll find something VERY familiar. So yes do read and keep reading!
The important thing to realize is the Lumb and his gang laughed all the way to the bank on these. Talk to people on their boards and get answers!
It's possible but....I doubt it
Yeah? I'd you don't want to listen to the facts it's your call. Fact 1, pps is at .0002; fact 2, no revenues; fact 3, surface studies??? Give me a break...Johny with a red wagon, plastic bucket and shovel type sampling....fact 4, what possible Q1 PR could be released that would salvage the pps? Truth? There is none. More truth, never was one.
Ask yourself this. What is the present NPV? What is the forecasted NPV? Has anyone who is in direct contact with Ted asked?
And you think this is amateur? This is basic! Fundamental 101 stuff!