ANOTHER THOUGHT TO BE CONSIDERED IS - according to the info at Big Charts the company is currently valued by share price at $1.3 million.
This means that if it does have any gold assets, and with gold only at its current price of say $730 an ounce, it would only need to hold 1,780 ounces of gold to back that valuation.
And, what is 1,780 ounces of gold?
Now, if he knows, and only he knows, there is considerably more than 1,780 ounces of gold in those mine assets, and he has been picking up all those shares for next to nothing, it has been in his interest to keep the share price so low.
However, I would feel it would be hard to have kept a really large potential secret, and it would have brought a lot of 'informed'speculators in picking up a gravely 'undervalued' stock.
Assuming the opposite, therefore, that there is no 'known' (proved)gold just some questionable assays which state the potential, but, when he launches his new scam he puts out that the potential gold is much greater (a favourite trick of the mining community) and that he is contemplating sharing this out to shareholders, the share price could soar - especially if there is growing 'gold fever' at the time. 'There's no fever like gold fever'.
This makes me feel that although the company has moved into a new venture, the gold card could still be played.
