Let's not make this a bigger deal than what it was.
If MD offered to bring someone down, (skeptic or not) to show him the operation, it doesn't automatically mean it was with company funds. Maybe MD was willing to pay out of his own personal pocket for his own reasons.
We should not assume it was an offer to use company funds. There was an offer and a decline of the offer between those two individuals. Don't make any bigger deal out of the offer or the decline of the offer. Enough said on that.
However, here is a good little piece from a newletter about the advantage of owning the mining stock for its value verses the physical metal.
"Any company producing a commodity has a roughly fixed cost of production. Consider copper as an example. If a company can mine copper for $1 a pound, and its price is $2, it can earn a $1 profit for each pound it sells. But if copper rallies 50% to $3, this company’s profits don’t just march up 50% with copper. Instead they double. Still producing at $1 yet selling at $3 yields a $2 profit, twice as high. Thanks to this accelerating profits leverage, profits for producing rise far faster than underlying commodities prices."
Lets hope for continued support in copper prices and lets start the mill!!!!!!!
GLTA
AI
