Prom Resources Inc (PRMO)

[DC168]

PRMO will not go over 0.0004 with the current financial reports and meatless PR. Usually, pps reflects the market value of a company. How much does it worth at present value? Investors bid on it accordingly. Is it a $1B company or $10B company. Everything can be calculated and estimated.

In mining industry, the reserve of the natural resource is the most important statistic investor interested in. For oil exploration company, people want to know the number of barrels of oil in the ground. For gold mining company, people want to know the estimated tonnage of pure gold in the ground and in inventory.

At this point in time, PRMO's market value is very little based on it's financial report. Since the most important piece information has not been published. The public can not accurately estimate the true value of PRMO. Thus it is at triple zero.

It seems that the management is satisfied with the current situation. They even removed the tonnage of gold bearing material in inventory from June 2010 financial and Sept 2010 quarterly reports. They also said the management does not know the grade and gold content of gold bearing material in inventory.

They already spent $400,000 USD in engineering. Someone should have the vital information that can move PRMO out of the basement pps.

PRMO has been producing and purchasing for more than 2 years. They don't even know what is in the stockpile? They don't do material testing and verification at all? They are not capable of doing educated estimate? Unbelievable.

All IMO.