7 TO 15 YEARS TO BRING IN A MINE
It takes 7-15 years to bring in a mine into production and that is after all the drilling is done and the drill information is fully mapped out in order to begin. The logistics of equipment for the mining activity, milling plant and living quarters permits for the operations etc and then there is the political instabilities and pay offs, weather conditions preventing set ups and labor issues is like the D-Day invasion of Europe and then there is the financials which is the real lynch pin for Titan Minerals. As already explained in posts 1 & 2, Titan Minerals as my father would put it Titan Mineral "does not have a pot to piss in or a window to throw it out of" with 1.4 BILLON outstanding shares. YES they claim to have funding of 18 million Australian Dollars (see email in POST 3) but that will be gone very soon and what do they do then with 1.4 BILLION shares outstanding (see post 1 & 2) and no more funding. They have already run their credit cards in both selling shares and loan funding to the maximum and there is no fairy God Mother for such a company with a hand full of drill reports and trenching results that may or may not be legitimate. Given Titans past behavior regarding the acquisition of properties, anything they publish in my opinion is very suspect (future post on that issue).
Even IF everything they published on the Dynasty project is true it will do them no good. Their 1.4 Billion share count and in house price manipulation to keep the share price from collapsing to $.0001 will keep ANY other funding or possible joint venture or buy out from a larger producer from stepping in and then there is the political stability location of the property (see post on Location). Today the western USA (think Nevada) and Mexico and Canada are hot with junior exploration companies with small shares outstanding and that have a track record and assets in ground. Any real investor or producing mining company looking for new property to expand on would laugh at Titans current situation. Some day in the distant future some of Titans properties will be mined but Titan Minerals will be a distant memory and so will any money you invest in it. I would not buy Titan Minerals today even if the price was at $.0001 per share because they will soon do a REVERSE SPLIT (see post 1 & 2) and wipe out any shares bought and start all over again with their SCAM of a company. Think VERY carefully before you get involved with such a basket case of a company. Read the below from Titans own website in very fine print on the site and then look for a real small exploration company to invest in and there are plenty of them with properties in the USA, Mexico and Canada.
JORC Code is the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Titans OWN WEBSITE states:
"The Mineral Resource Estimates for the Dynasty Gold Project and the Jerusalem Project are not reported in accordance with the JORC Code 2012. A competent person has not done sufficient work to classify the foreign estimate as mineral resources in accordance with the JORC Code 2012. It is uncertain that following evaluation and/or further exploration work that the foreign estimates will be able to be reported as mineral resources or ore reserves in accordance with the JORC Code 2012. For further information please refer to the relevant initial Announcements being the ASX release dated 30 April 2020 with respect to the Dynasty Gold Project and the ASX release dated 21 September 2020 with respect to the Jerusalem Gold Project."
