InvestorsHub Logo
Followers 163
Posts 7074
Boards Moderated 0
Alias Born 04/26/2010

Re: Photonics_Guy post# 858

Friday, 12/29/2017 2:08:01 PM

Friday, December 29, 2017 2:08:01 PM

Post# of 3588
Photonics thank you for your DD. This equity is (or appears) dramatically underpriced, to put it mildly. I am looking at here the factors holding it (dramatically) down, and just want to air some thoughts: 1. The company needs to borrow another 45 million. This is already known, and even if it were not, the sum is very small compared to positives: an operational mine with spectacular returns and economics for shareholders. I think this accounts for very little of the undervaluation, if any. 2. Getting the final federal permit. My first question is this: Q2A: am I correct in understanding that they have already received a draft of the permit from the EPA, and that it is for a fully operational mine, as proposed by the company and its study? (I am assuming this to be true, subject to comments by the local area residents, etc.). I have read the information about how very supportive this Green Mining project is to locals, and they in turn are supporting it right back.). But is the permit for fully functional mine? (as opposed to a partial permit, etc). My second question may seem dumb, although there is no such thing as a dumb question, whas is the confidence level that this mining method will work along the lines proposed by the company? How can we feel assured about this topic as proposed investors? (Would 3M have issued its report, for instance? Has the company demonstrated that it will work? (i know the ceo has said the location is ideal, his basis for this and experience, ?), and are there comparables in america or australia which are instructive and reassuring, etc? thanks! (I hate to sound picky but the returns here could be phenomenal in a bull market for copper)

(I note that president Trump has signed a badly needed executive order recently making sure that Metals projects are now given fast tracked priority under our new, terrific, EPA's director and his agency, but do not want this to otherwise influence your thoughts about the integrity of the operation, etc....)