the gtl projects in Bolivia Rio Grande and Colombia Ayo Ayo are still in feasability study and will not become a reality in at least three years if at all.There is some confusion as to the capitalization costs and plant production. My understanding is that the Rio propsal will cost 320-380 million and ultimately produce 10,000 barrels of disel per day. The small gtl plant anticipated for ayo will only produce 200 barrels a day and will cost 13 million. Hopefully that will permit it to self finance further costs of building a major plant. While in a very early stage, the legal instuments such as letters of intent and memos of understanding have been signed and the company has participated in public signing ceremonies. Obviouly the company does not have the capital to build these projects at this time but in three years the cerro rico project hopefully will be a major cash producing silver and zinc producer. At one time the company mentioned The Shaw group as a source of financing of the gtl plant. The company also has developed interests in Argentina. Immediate sources of revenue is the tailings project which was to commence in October and has been delayed. If this moves foward in the near future, the company will be on its way to profitablity and have money to commence operations in Cerro Rico. An investment here is a bet on the ability of management to make the business thesis a reality. If you think it is a crock or a scam, you should certainly not invest and if invested you should sell.Cosidering that the stock was a microcap trading at a fraction of a penny less than 18 months ago, the results to date in pps even at 2 cents is extraordinary. I believe the stock is a buy and have put my money where my mouth is. Good luck and Happy Thanksgiving to all.
