quite honestly, I'm out because I don't believe in the future of the company for the time being. Drilling is lagging, and my impression of the scope of the operation has greatly diminished over a lack of tangible progress. ABL is definitely a nice companion, but it's revenues aren't exactly taking off, albeit improving, and I'm sure its cash disbursements aren't anywhere near equivalent to the total amount of revenues earned. For the most part, the longer a company operates without a strong revenue source, the more likely it is for the company to dilute in order to pay for operation expenses. Not sure if that's the case, but the chart's trends would sure seem to support that concept.
IMO, while silver's nice, I still think copper's the way to go in the long run and an established and more diversified play like FCX (who acquired phelps dodge in 2007 if you recall) is a safer and more profitable operation altogether.
Either way, i'm kind of out of mining stocks for now. Until they start popping, they're just costly storage spaces for locked-up capital. INTK's a much more interesting company IMO. Whereas nanotechnology is still in heavy phases of R&D, Industrial Nanotech has already introduced a practical nanotech product into the market through a global distribution network that could revolutionize the boring industry of insulation. Already perking the ear's of oil giant Petrobras(3.7 mil contract), textile leader DEBA (1+ mil purchase order), ship builder Hyundai, and the Navy to say the least... this might be worth a glance if you're interested.
g'luck in all your ventures.
IMO, while silver's nice, I still think copper's the way to go in the long run and an established and more diversified play like FCX (who acquired phelps dodge in 2007 if you recall) is a safer and more profitable operation altogether.
Either way, i'm kind of out of mining stocks for now. Until they start popping, they're just costly storage spaces for locked-up capital. INTK's a much more interesting company IMO. Whereas nanotechnology is still in heavy phases of R&D, Industrial Nanotech has already introduced a practical nanotech product into the market through a global distribution network that could revolutionize the boring industry of insulation. Already perking the ear's of oil giant Petrobras(3.7 mil contract), textile leader DEBA (1+ mil purchase order), ship builder Hyundai, and the Navy to say the least... this might be worth a glance if you're interested.
g'luck in all your ventures.
