Mining Company research board

[Huggy Bear]

In December of 2015, the Company acquired its initial mineral concessions and licenses
encompassing an area of 486 hectares in the Guerrero region of Mexico. Guerrero in known
for its production of gold, silver and base metals. The property was acquired as a first step in
the evaluation and feasibility process for the Company to commit to expand and develop
mineral interests in the area. In March of 2016, the Company acquired an artisan mine and
the surrounding property consisting of 2,328 hectares, which are adjacent to the initial
property acquisition. The properties are within the group of mining concessions called La
Coloradas and were formerly known as Santa Clara 1. They are located in the south east
Guerrero Gold Belt (GGB), south of Mezcaltepec and east of Colotepec. The historic mine
and properties have had underground and surface production processing, on a small scale
basis, since 1953. The initial property acquisition combined with the artisan mine property
were originally purchased for $441,396 and, as of September 30, 2018, the Company has
capitalized a total of $1,176,129 in exploration and development costs associated with the
properties.

So ya buy these properties first and THEN assess economic feasibility?

Gee, sounds a lot like NBRI. Why spend all that money on feasibility studies when you can just straight away get to mining all the riches?

On February 18, 2016, the Company received $1,450,000 from Time Call North America
LLC for a convertible note with an interest rate of 6.4% per annum. The note has conversion
price of $0.25, after a 2 year period, and a 4 year term to maturity. As of September 30,
2018, the total amount of the note outstanding with accrued interest was $1,707,700

I bet it is converting RIGHT NOW.