Friday, March 11, 2011 9:14:39 AM
Management also said they do not give estimates of gold content and grade of the inventory until it is assayed and smelted. So, it is a big unknown to investors. No one knows the estimated market value of the inventory. This is why pps is triple zero. It seems management is satisfied with 0.0001-0.0002 pps. They have their own business plan.
According to PRMO advertisement, PRMO is capable of producing 250kg gold dust monthly. The gold content is 96.999%. Management can simply PR this information, pps should improve.
I think management want to load more shares at triple zero. Also their preferred shares can convert to common shares in billions if pps stay at lower level. All IMO.
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