InvestorsHub Logo
Followers 0
Posts 200
Boards Moderated 1
Alias Born 10/25/2020

Re: None

Wednesday, 02/07/2024 3:25:43 PM

Wednesday, February 07, 2024 3:25:43 PM

Post# of 9725
I maintain that the confirmation of bulk grades (from both the historical stockpiles and the mined vein) will be the most significant catalyst for this company in near term. Whether that will be achieved by logging revenues with a verifiable amount processed, or by some kind of independent-third-party comparison to their own processing methods, along with independent-third-party assay, this is a key time for this business. The beginning of cash flow results from either scenario, so as many of us are waiting for a bottom line, it will soon only be a matter of how sustainable it will be before more expansion will be needed, and they aren't going to wait to run out of ore before they do that. So far they have expanded and progressed their projects very cheaply. Just imagine what they will do after gold sale's begin, now maintaining a spot price of over $2000/oz.

The company is racing an uphill battle better than most in this class run downhill. The ratio of dilution to results far outclasses anything else I've seen in this industry on USOTC. It was even confirmed today that the trading float now matches the number of unrestricted shares.... a fertile time for a surge in buying volume to resume the stair-stepping trend into higher highs and higher lows....