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Re: Strategyone post# 5403

Friday, 08/22/2014 3:31:18 PM

Friday, August 22, 2014 3:31:18 PM

Post# of 31062

The only real risk I see right now is if they delay or never go into production. I see that as highly unlikely with the $12 million coming to them.... Pretty low risk for a penny stock (IMHO).



Perfect example of a point that is being glossed over, in favor of ridiculous comparisons to Barrick. Permits to mine take years - many years. If you want to assume any money is going to show up next week (LOL), no amount of money can remove the permitting requirements to mine on BLM land. Even processing the existing ore piles on-site is a permitting challenge which would take years. That's assuming the ore piles are real or have any value, which so far, has not been proven.

Low risk? Compared to what?
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