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What a monster! Got in at .0065 and holding this baby for awhile. Again, thanks to this board for pointing the way to some great DD.
Darn glad I got a boatload at .0065! Thanks to all posters for pointing the way to some great DD.
Au Contraire, Mon Frere
We're just getting started, by Kracky!
Yep, me too. dipped a toe in this AM, 200K @ .0065.
An associate at work told me about this company. Am doing DD with some of the information gleaned from your postings and am pleasantly surprised by the OTC tier they're on and their apparent legitimacy. Some good news lately...just one thing, Why the dip in PPS to this level? TIA and best wishes to you shareholders. Looks like you could be getting very close to a breakout!
Well, I don't know much, but I do look forward to the coming drill program to tell us more about the presence of a "common progenitor." We do know that “Mineral replacement in rocks consists of growth of guest mineral and dissolution of host. The two reactions are coupled by the grain–grain stress generated by growth of the guest grain in a rigid or very viscous rock in which it has initially no available room. This stress self-adjusts to make the volumetric rates of guest growth and host dissolution equal to each other, which accounts for the volume conservation typical of replacement. Volume preservation during replacement is required by conservation of mass and momentum as well. The two reactions are also simultaneous and proceed by a sequence of many tiny alternating increments; where these increments are small enough, internal textural details of the host grain or grain aggregate are morphologically preserved (as ghost textures) by the replacement. The strong variation of mineral reaction rates with stress required by replacement is evidenced also experimentally. Reported widespread replacement in many rocks (laterites, diagenesis of siliciclastics and carbonates, metasomatic ores, metamorphic rocks, and hydrothermal alteration) warrants creating water–rock reactive transport models that predict when and where in a system replacement should take place.” -Journal of Hydrology Volume 209, Issues 1–4, August 1998, Pages 137–146
Bottom line is, yes, we will have to wait for results from the extensive drilling program (set to begin very soon) to prove or disprove the applicability of the Stilltoe model to our Porphyry formation and resultant peripheral mineralization. Regardless, I feel that the original pluton must have been responsible for the majority of subsequent mineralization on the plateau, notwithstanding later geologic events. This statement precludes any more detailed analysis of the effect of host rocks on these later hydrothermal flows .
Yes, it's going to be great! Many agree that the OTC uplisting will be the first of many significant events in the near future. Then the storm, but blue skies for the share price.
Per the posting of SPS on MP, 10-1-12 regarding this, and quoting the IR person, "when company principles met Amarant in July, one of the participating partners placer technology was determined to be not appropriate drilling/mining technology for Alto. We are now waiting for a resolution from Amarant on this subject."
I take this to mean that one of the partners in the deal stated that their contribution to the Alto would not include their "placer technology." Simple. This does not mean that Alluvia's AuVert technology won't be a big hit in the applications for which it is intended. When an operation can almost double recovery or reclaim almost all of the missed gold in decades old tailings (some of which cover many square miles of land in Alaska and the Yukon), the possibilities are indeed golden. I expect the stock of Alluvia Mining to soar. Along with reclamation of gold, there is the added bonus of reclaiming the broken and scarred landscape of these rivers that had been effectively "turned upside down" back in the old days. The AuVert technology, besides being a moneymaker, is a "green" technology and one which should find favor in todays ecologically conscious climate.
Beg to differ, especially as regards Alluvia. A placer operation, once ownership is established and permits and regulations are taken care of, can be set up in a remarkably short time. There is no ore to process and a minimum in the way of CAPEX, most of which consists of a small labor force, wash plant, and lease or property costs. None of this 15-20 year development time you will see with large hard rock operations. Why do you think that the "get rich quick folks" went into "them thar hills?" Of course, many came out with a "huckleberry."
Two important disclosures were made in the October 5th Shareholder Update. One, “Medinah Minerals (Chile) S.A. and associates have received their contractual security deposit of 90,000,000 shares of Alluvia Mining Limited.” Very simply, this shows us that Amarant is committed fully to the terms of the contract. The reasons for just why this collateral represents a serious committment are given elsewhere but is probably best summarized by Kirk when he states “This collateral gives Amarant the incentive to pay us the full amount in cash at an accelerated schedule. If Amarant were to drag out the payments and Alluvia climbed in price we could start to dip into the collateral and sell the shares for more than the $0.60 original value.” This deal is done. Period. Any questions about tranches and payment schedules do indeed take a backseat to the 7.5 per cent NSR until complete funding is achieved, and the 15 per cent FCI for the life of the mine. More important than all this in the short term is that drilling is set to commence. The increase in blocked out resources will have an immediate effect on share price.
Secondly, “The contractual obligation for the first phase of work was USD $5,000,000, but the Purchasers have now budgeted and increased this figure to an amount described as USD $6,700,000 in anticipation of discoveries that may demand more extensive investigation. The neighboring Las dos Marias property has delivered such surprises and these discoveries have been closely observed by the Purchasers Geologists in the employ of Amarant Mining Ltd. and their associates.” It may be that a good portion of that additional $1.7 million dollars has been set aside for further investigation of the LDM. If Amarants geologists are keeping a keen eye on the LDM with rights of first refusal, what could be more obvious than to augment the adit assays with diamond core drilling? This would be done not only to ensure the presence of gold, silver and copper values at vertical measurements, but to measure the depth and thereby extrapolate roughly the tonnage of the entire skarn. Since skarns are somewhat “lumpy” and irregular in nature, a fair amount of drilling would be needed to get a fair estimate of total size. Because a sizeable portion of the skarn lies outside the LDM claim boundaries, restrictions on drilling sites to achieve this aim may not be a hindrance. Simple observations, but important, especially to the eyes of investors taking a first look at Medinah.
Just havin' fun. Of course.
Indeed yes, Carl. It will be time soon to saddle up the ponies and ride into Dollar Land!
Should see a rise in pps tomorrow with this report. Still just ridiculously cheap. Good commentary on the nature of polymetallic deposits, HR. Skarns are certainly "lumpy" in more than one respect. Oh well, if it's not screaming gold values on the one hand, it's unbelievable copper values on the other....Guess you just can't lose. And to think this report covers just a fraction of a fraction of the Alto/LDM property. Let's saddle up them ponies, Carl!
Look at this spike in volume!! What's going on? Have held this stock for several years. Could this be the buyout?
Good and bad, big and small, FINRA investigates them all. From http://www.dailytech.com/FINRA+SEC+to+Investigate+FirstDay+Facebook+Stock+Problems/article24752.htm
FINRA, SEC to Investigate First-Day Facebook Stock Problems
“This has led to an investigation from the U.S. Securities and Exchange Commission (SEC) as well as the Financial Industry Regulatory Authority (FINRA). The two will review the first day trading of Facebook shares.”
Why are some saying that FINRA doesn’t make public the status of their investigations? Poppycock!
Just another enthusiastic shareholder who writes in all Caps. Gotta love the guy.
You go Carl.....SADDLE 'EM UP!!!!!
CarlCarlMcB, Where are you…………. I NEED MY MORNING WAKE-UP!!!
Gonna be time soon to saddle up the ponies and ride off into dollar land$$$!!!$$$!!!$$$
No deal is one-hundred per cent guaranteed. If it were, there would be no market. All trades and all investments are gambles, transactions based on ones fundamental observations, technical analysis, indicators such as momentum, anticipated future demand for a product or commodity, inside information or best guess.
Bottom line is, nobody knows for sure. If Medinah were a 100% done deal, signed, sealed and delivered, it would not be a twelve to fourteen cent stock. The share price would be well above a dollar per share, and probably much higher. My personal belief that this deal is about ninety-eight per cent certain is immaterial. It’s what others in the marketplace believe. Therein lies the making of a market.
There are two very simple, fundamental reasons why I think the Alto deal will go through this time. These two reasons provide the "icing on the cake" as it were.
1.) Amarant, through Alluvia Mining is itching to put it’s AuVert placer technology into place. JJ is a huge owner of placer claims in Chile, a miner friendly country. The AuVert technology is not water or power hungry to the extent hard rock extraction is and delivers almost twice the gold of tradtional placer recovery methods. A working relationship with JJ is beneficial to Amarant, to the extent that many placer opportunities may be opened to Amarant in Chile if the Alto deal goes through.
2.) The LDM assays. The strike zone extends past the LDM claim boundaries. Assays are trending higher in the easterly direction of the zone as the adit progresses and samples are taken from cross cuts. There is, based on what is known from the adit, a remarkable opportunity to gain access to grades via open pit that are usually reserved for underground methods.
Both the AuVert technology and the LDM adit were not factors fourteen years ago. They certainly are today. Just two more things to add to the long list of favorable elements that point to this project being “a go.”
Hard to pin this one down, as typos are replete in their releases, for example di Lipangue. To my thinking, this may be another "heads up" to shareholders at the least and at best, as Geoly suggests, the suggestion that funds are in escrow. Response, as reflected in the share price, is positive.
Am happy too that I got my last 20k Monday while this was still in the 11's.
We have a stake in Alluvia, while the deal itself is with Amarant, the "parent." Alluvia should have great success in the placer recovery business. There are great opportunities here with their AuVert technology in processing both new and previously worked placer (alluvial) deposits throughout the world.
Yeh, heh, heh…slap em.... slap ’em good….SLAP ‘EM REAL GOOD!
When checking facts concerning our investment, it is wise to turn to the company website for the true record of what was stated concerning operations at the 6200’ elevation of the Alto de Lipangue and the 5700’ elevation LDM mine. From the company website:
MEDINAH MINERALS, INC.
FLORIDA/CHILE NOTES – April 2012
"Next we went to the site of the Las Dos Marias base camp. As we neared the location we observed and could audibly hear the sounds of the excavator working. The LDM base camp was noted with containers for housing of miners, equipment, explosives, and technical items needed by the Company Geologist and Engineer. We reviewed the Mining Contract as well as the Explosives and Environmental Permits at site. The LDM site sits at an elevation of approximately 1750 meters. The snow level in this area usually does not get below the 1600 meter level. But, all preparations are being done to anticipate the continuation of work throughout winter conditions. There will be NO stoppage of work at the LDM location due to inclimate (sic) weather conditions."
I have found no mention on the official company website of work continuing at the higher elevation Alto during the infrequent snowstorms that visit this area. It makes sense to me that “safety first” would be the best policy when hauling heavy equipment up to the Alto this September and October. In the case of the LDM, the work camp is established, equipment is in place, and it would seem that operations should not be adversely affected by the occasional brief snowfall.
To summarize, there is no mention here of both properties remaining “open” during inclement weather. There is no contradiction in the record. If it is a personal choice to choose to establish a falsehood and then attempt to logically proceed from that false premise, why would that logical fallacy be forwarded to others as fact?
Well, I don’t know much, but I realize that nature formed this mineral-laden plateau over the span of many millions of years. I can keep my cool for a few more weeks while the excitement builds and the golden conclusion of this saga becomes fact.
When the initial samples at the oxidized zone at the LDM yielded (per the June 6th, 2012 Shareholder Update) assays in the range of “2.9 grams of gold per tonne to a high of 12.7 grams of gold per tonne, with copper ranging from 0.26% to 2.1% and with silver averaging 11 grams per tonne to 66 grams per tonne,“ we knew something special was being discovered. Doc and the geologically savvy confirmed that values like these might be high-end for their respective copper or gold skarns, but to be found together? That was truly remarkable and pointed to this particular skarn as a possibly one-of–a kind and very valuable occurrence. Again, the June 6th update states, “the tunnel itself is contained fully within the mineralized zone. Sampling of the progress into the mountain and towards the target diamond drill holes will continue and be reported to Management by the Geologist.”
The August 18, 2012 Shareholder Update goes on to say “Management of Compañia Minera LDM Chile reports that the development work at the Las dos Marias property near Santiago, Chile is expanding into a new phase. The discoveries made during the tunneling operations have necessitated the development of a “much larger scale” mining operation. Company Management, Mining Engineers, and Geologists are presently developing new mining plans that will be submitted to the Chilean State Mining Departments. These plans include the extraction of significant ore tonnages apart, and in addition to encountered veins at DDH-1, and anticipated at the soon to be reached DDH-2 site.” As the mining crew passed DDH-1, at 41 meters in the tunnel, loose material was found that required shoring, that is, the use of timbers to reinforce the tunnel. “A crosscut was completed across the vein 6 meters distance to the east and 4 meters distance to the west.
At the end of the east crosscut, the value was 13.69 grams gold per tonne with an average of 8+ grams gold per tonne over the entire 6 meters. At the end of the west crosscut, the value was 9 grams gold per tonne with an average of 5+ grams gold per tonne over the 4 meters.”
As Doc has said, the adit at the LDM gives us a “glimpse into the belly of the mountain." Recall that what the geologists have been able to determine so far “radically changes the potential tonnages and valuations of the Altos de Lipangue discovery zone. It is possible that this LDM Chile skarn discovery is related to several observed structures that occur across the entire Altos de Lipangue plateau.”
When I refer to “building excitement” I am talking about the discovery of what lies beneath the plateau, aside from the initial Gordon Breccia drilling some years ago, finally taking place. The drilling program that is to be inititated during September and October at the Alto, along with the tunnel and excavation at LDM, should be enough to charge the enthusiasm of everyone involved with this story through their stock purchases and due diligence.
As I said before, this was a long time in the making. Now we’re talking about a mere few weeks at the most until conclusion which, by paradox, is really just the beginning.
There was an excellent article posted here several days ago: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61674281 describing the vast, unexplored mineral resources of Chile’s central region. A poster on another board discussed the extremely high development costs of some recently discovered large deposits in remote parts of the world, citing an article http://goldnews.bullionvault.com/gold-mining-080120126 describing the lack of infrastructure and proximity to services affecting these admittedly rich deposits thus hindering development and exploitation of the resource. One mining company analyst says that up to $2,000/oz in production costs may be the required at these remote sites. Zoom to the skarn deposit lying at surface at the LDM. Initially ten meters of overburden overlaying a rich copper skarn measuring 1.5 Km X 0.8 Km, and perhaps hundreds of meters in depth. All within sight of Chile’s largest city with full power and roads to the discovery area and with a processing plant under construction at the base of the mountain. Factor in extremely low recovery costs for exploitation of this resource. And don’t forget, there’s less than two weeks left to reach the high grade bonanza via adit on the original LDM project. Word is out that the skarn values are getting even better as we close in on the high grade zone at the LDM, that is, assays are looking much better that the ore taken from the oxidized zone. We’ll know for sure very soon. Oh, and more details on the ADL purchase are about to be PR’d to the wider investment community. Don’t forget drilling on the ADL next month and in to October. Uplisting on the OTC market? Huge. Most of us agree that patience is needed until that uplisting occurs. Then, the sky’s the limit with our share price. With these facts in place, people will look back one day with wonder that this investment opportunity was so blatantly visible and available for pennies a share. Is it any wonder that some parties are getting very nervous while others are basking in calm assurance of their good fortune? It’s a back handed compliment that scores of derogatory posts are directed at this little company. With the use of deduction, the motivation behind this is not hard to fathom.
No matter what side of the fence you are on, upcoming events will rock your world in a big way. Just make sure that you’re on the right side of this trade.
Well I don't know much, but I was at the AGM in Vegas this past February. On the second day, the date of the actual shareholders meeting, attendence to the meeting room was restricted to those proving they had a position in the stock. The line moved very slowly past two pleasant young women who examined our proof of ownership. My proof of ownership consisted of statements from four brokerage accounts showing what I owned in MDMN stock and proof that I owned that stock as of a certain date of record. My proof of ownership was examined quite well by the scrutineer and recorded at the time. Long story short, how could a few hundred shareholders show proof of owning over a billion shares of stock of a company whose float at the time was reported to be what, around 700 million shares? Something's rotten in Denmark and it ain't with this sweet little Medinah. Something tells me we'll find out soon enough...
Enami, or the Empresa Nacional de Minería, is Chile’s state minerals company. It was founded in 1969 and is headquartered in Santiago, Chile. “Enami manages various mining interests, and refines and smelts copper from Chile's small- and medium-scale miners. Its main role is to promote Chile's small and midsize mining sector by carrying out toll milling and processing, and granting credit at favorable rates to companies.” Medinah’s exploitation license for the open pit operation at LDM is due for approval very soon. When approved, the shipments to Enami will commence. LDM’s copper skarn showed values per the June 6th, 2012 Shareholders Update as follows: “The assay values returned range from a low of 2.9 grams of gold per tonne to a high of 12.7 grams of gold per tonne; copper assays ranged from 0.26% to 2.1% with silver averaging 11 grams per tonne to 66 grams per tonne. All of these surface assays are commercial grade and the ore is being held for processing with shipment to Enami refinery anticipated in the near future.“ Any knowledgeable person would agree that these values are very high grade, and the possibility that this remarkable formation extends into the greater part of the Alto is extremely exciting.
I see nothing on the official Medinah Minerals website about about legalzoom.com putting five million into JJ pockets.
Oh, by the way, I just learned that Medinah is # 6 on I-Hubs Breakout Board! See http://investorshub.advfn.com/boards/breakoutboards.aspx . Looks like the smart investors out there are on to something!
Carl, I somehow sense that you are also an avid supporter and shareholder of MDMN. We are in some great company. One of the first things that impressed me well over a year ago when I made my initial Google search of Medinah minerals and found the top message boards, was the quality of the shareholder base. There were stockbrokers, authors, screenwriters, business professionals of all kinds, accountants, legal pros, traders and technicians, miners, and well, a generous assortment of some very bright and accomplished people. The quality of the shareholder base and the commitment of those shareholders, many multi-year long term investors, was one of the things that made me take a second look at this company. That second look proved to be worthwhile.
About twenty-five years ago, I got roped into a Vancouver based mining stock. I bought in at around a dollar per share, held for years, and bailed at half that buy in price. I recall an aggressive mail and phone campaign at the beginning, a real “boiler-room” operation completely unlike the MO of Medinah Minerals in every way. After the stock purchase, there was nary a peep from the promoters. I never checked back to see if they “had the goods.” Suffice it to say that this “hit and run” was a learning experience. I never returned to pennyland until Medinah came to my attention.
Far from being a “pump and dump” operation, Medinahs management seems to have had an almost lack of concern about the share price. They know what is in the ground and expect an informed shareholder base to know likewise. But when Medinah and partners get to their PR releases shortly, they are going to have a wealth of newsworthy items to share. I have a feeling that developments at the LDM are going to be a shocker. The LDM copper skarn lies very close to surface but the extent and depth are still unkown to some degree. What the geologists have been able to determine so far “radically changes the potential tonnages and valuations of the Altos de Lipangue discovery zone. It is possible that this LDM Chile skarn discovery is related to several observed structures that occur across the entire Altos de Lipangue plateau.” Translate that to mean that valuable skarnification may exist at depth throughout the Alto.
There is rumor of future open pit development of this resource. Stay tuned for details from the company website. How many additional billions will be blocked out at the ADL after drilling resumes next month? What really is the extent of skarnification of the ADL? I have a feeling you’re going to want a seat when the news hits. Furthermore, with company uplisting, full reporting of financials and insider transactions will occur. This should drive a stake into the arguments of the most ardent naysayers.
Management has worked long and hard to bring us to this moment. Loyal shareholders will be well rewarded in my humble opinion.
I was so impressed by the caliber of management of Amarant Mining that I had to find out more. Time for due diligence. Per this Washington Post article, I found that 83 out of 100 of the largest U.S. corporations are registered in offshore tax havens, of which the British Virgin Islands are one of the oldest and most respected. The article, http://www.washingtonpost.com/wp-dyn/content/article/2009/01/16/AR2009011602602.html states that “Several of the companies are household names, including Pepsi, Exxon, Dell and Dow Chemical. In the list of 100 companies that GAO studied, 63 had major federal contracts, including Caterpillar, BearingPoint, Boeing, Merck & Co. and Kraft Foods.” Guess what? Turns out Amarant Mining is included in this distinguished group. While some might argue that it is unpatriotic for a company like Boeing or Bain Capital to enjoy tax-free status, for an international mining company with operations in the US, Canada, Chile and Surinam, it seems smart. With the coming IPO, http://www.privateequity.dk/uploads/9/5/4/2/9542828/amarant_onepage.pdf looks like more money for shareholders!
At first glance, my thoughts concerning the AuVert recovery system saw application to high tonnage placer tailings in areas like California, Alaska, etc. As MG noted, the Caren placers are JJs. Not part of the Alto claims. But, the streams atop the alto, probably intermittent in nature, held placer deposits, which were mined historically. The AuVert systems uses 85% less water then traditional placer recovery methods. Perhaps this could be applied to these seasonal streams during the wet winter season. Placer recovery usually requires a ton of water. Maybe, just maybe, this system could be applied to process these tailings. AuVert classification also includes gold bearing ore in waste rock, which would require further processing. 20,000 tons at 5g/ton would produce, if recoverable, around 5 million dollars of gold. Bear in mind that many of these tailings came from hard rock deposits, but after treatment by the arraste, water was used at some point during recovery in old times.
Sure glad I didn't consider panicking and selling like an emotional girly man when this stock touched the .13's earlier. Sure looking good and strong later in the session.
Amarant announces: http://www.amarantmining.com/news.html
Well, I don’t know much, but I’d say that this Alto funding is a one time event in history. It either happens or it doesn’t happen. The fact that it hasn’t happened yet simply means that it hasn’t happened. It can only happen once. When it happens, then it will have happened. Then we can’t say that it didn’t happen…
The published terms of this current contract are extremely favorable to the company and its shareholders. Getting this to the table is unprecedented and bold. Bold moves are usually met with resistance, but resistance is overcome when gold is in at a high price and in short supply. To state the obvious, with the dwindling assay values at existing production sites and limited new sites, those with valuable mining leases might just be at the right time and place to take advantage of what may well be a “sea-change” In the way the junior miner and explorer do business with the “big boys.”
Despite its many false alarms, I can’t help but be optimistic about this little company,
The decade long consolidation of claims on the Alto is but one indication of the slow and careful style of management.
If the BOD had wanted to do a “hit and run” job on the more gullible denizens of pennyland, they could have done so at any point in the past, collected a fortune, and then sold the Alto properties off for next to nothing, the big money being already made. I don’t see this being the MO of MDMN.
I see instead an aim of full development and exploitation of the Alto properties and, yes, aided by acquisitions, an objective of evolvement into a real company.
You know, if the evidence pointed to this being just another pump n' dump, this investor would have stayed clear. My belief is that there is more than adequate drilling and testing data to date to prove the Alto to be a very worthwhile and mineable deposit. In addition, the newest skarn discovery at LDM confirms an easily exploited surface deposit mineable with low overhead. People may say what they will about certain "promoters" This deposit is too big to be ignored forever. If one has any doubts at all, just check out the facts concerning the mineralization here. Sure there may be a few hundred feet of overburden in parts of the Alto, but the goods are there. The evidence points to perhaps 10 more breccias akin to the drilled out Gordon Breccia where "A.C.A. Howe International Limited’s Geologist Robert Cinits, also noted the existence of surface expressions indicating the potential of several additional breccia pipes which have yet to be explored." A.C.A. Howe's work blocked out around $2 billion in metals with drilling (at current prices). How much more? Is valuable skarnification present on the Alto? 200 meters of additional depth on existing holes will prove that. How much high-grade is their really at the LDM? Those placers at the base of the mountain are pretty rich....The gold had to originate somewhere! Bacteria didn't generate them (although one school of geologic thought says this is true of some stream-born nuggets.) Medinah. In a word-It's worth taking a chance.
Got in at the $10.00 -$11.00 level a few years back. Have not sold one share since. Listened to the wife who had been urging me to buy since the low single digits. Bless her! Should have listened to her when she told me to take advantage of the trading range that is so evident in the multi-year chart.
A pleasant surprise. Been holding for almost 2 years since before the big spike where it went up to around $6/pps. Glad I held for some nice future long term gains!
Whatever you decide to commit to this investment, please go in with an education concerning the geology of the Alto de Lipangue. Mineral holdings are the strong point of this company. The more you learn, the more you will like. Concerning management, it is to their credit that the patchwork of claims (leases in Chile) in this district were consolidated under one name over a period of fifteen years, leading to a very large (140 sq. K) leased area. My only critique of management is that they have been perhaps underpowered as a bargaining force when dealing with potential suitors. Top dollar has always been asked and the power of junior explorers over the last decade or so to achieve a fair price has been weak. This, I believe, is the reason for past failures to deliver a deal for the shareholders. I personally have hope that the current deal will be funded. That hope is fueled by the reported scarcity of new “finds” in Chile, and the dwindling values present in existing actively mined properties. Add to that the fact that the Chilean government is stable and “miner friendly” and you have a combination of positive elements that make this the ideal time and place for a deal to happen.
By all means, consider the viewpoints of the detractors. In the end, they will refine the conclusions you reach following due diligence. Lastly, recall that “There is nothing secure about securities” and invest no more than you are willing to lose. This is true of blue chips as well as non-reporting pink sheet companies.
See: http://www.investopedia.com/terms/t/tenbagger.asp#axzz1zsQe35pK for definition of a ten-bagger. At current market cap of around 70 million, a ten-bagger at the current share price would result in a market cap of 700 million. Not 20 billion. My purchase price of .05/pps would make my ten-bagger a lofty fifty cents per share (market cap of 350 million). Pretty basic. With 2 billion blocked out resources with only 1.5% of the property drilled, the possibility of a ten-bagger resulting in share price of a dollar per share is not unthinkable.