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Monday, December 20, 2010 11:27:02 AM
And a market cap under $30 Million with potential of hundreds of millions, if not more in mineral claims and already tied to the hip with NAK. Court decision (NAK) is imminent about initial exploratory drilling. If court rules in NAK's favor, move higher is imminent. If not, the value of the claims does not change. It simply means more work needs to be done.
Dilution is a common practice with companies that have huge potential but little or no income. If you want want a rosy picture, go buy Apple. This is for the high risk takers, and thus can yield high returns. At least they reported and are working on the next phase of their business development.
I still think it's undervalued, you make your own decision.
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