Thanx for the report from Melba, spitburger. I've been out there also, both to the mill for three or four times over the last months, and to the mountain property twice last fall. I've also met with Mr. Quilliam personally a number of times. My observations there are the same as yours, in that there has been no (visible) progress in the last few weeks. I have a different view as to what this means, however. I see this as a result of a setback in the schedule, but I do not see this as evidence of a cessation of effort to get into production. I believe that efforts are well underway to get the tailings into the door and then the product out the door, and I believe it will happen. That's why I've been almost as busy buying stock these last weeks as you have been selling stock here. Basically I'm looking at this investment as a gamble, over a period of a couple of years, that this management will succeed in their goal.
We all do our investigations/DD, and we all make our decisions, hopefully based on that DD alone. It all comes down to "high risk-high potential return" vs. "low risk-lower potential return". I see this delay as having created an opportunity to increase stakes in this venture at a lower averaged entry point. Where the bottom of the pps will eventually be in my optimistic scenario is impossible to know (and yes, I believe, unlike GoldSilverMines, that there has been a boatload of shorting going on in this stock), but I'm able and willing to ride this thing out.
Good luck to you in your next equity venture.
