First Bitcoin Capital Corp (BITCF)

[OriginalFred]

Do not get me wrong. I am happy for them in getting a deal. But I think we have to admit the deal is pretty lame compared to what was expected.

I think I have been vindicated in suggesting that the assay by Metallurgica de Mineras S.A. was worthless. NI 43-101 is what is needed to prove reserves. I never did find any record of Metallurgica de Mineras S.A. on the Internet. I doubt that is a real company. It is probably just a guy with a drill.

I guess the company finally realized that it needed an NI 43-101 before any big company would deal with them. They are finally off on the right foot. It will be many months before they have anything to report on the drilling, and an actual mine is years away. For someone with a lot of patience, this could eventually pay off, but a lot of things could go wrong during that time.