I agree, I am pretty young and have fairly limited experience with penny stocks, but it just so happens I have invested in a few mines in the early phases.
Surveying
drilling
proccesing
smelting
transporting all of it
They have to either build these facilities or contract with someone to use theirs at a premium (im just saying it takes time not that they aren't going to be able to)
look at sf**mi, I bought in at .03, about 5 months later sold at .14, and now almost 2 years later they are trading at .15. they arent in production yet, although theyre is a lot more red tape mining in america, it still gave me some insight into all the little things that can make a company lag on progress.
also it makes me nervous their is no evaluation of the minerals in the land. there is literally a laser gun (like a distance laser or thermometer laser, you basically just point at the rock and it gives you an evaluation of the mineral levels.
Please correct me if im making foolish statements that have already been dispelled.
also this is my second post on this site, love it. you guys are great.
Im thinking about it, 792 acres is cool if there is some value to it. But anyone of us could buy 792 acres in south america with the money we have in this stock lol. I guess what i'm saying is that a detailed evaluation of their mining project would be greatly appreciated and would, if good news, do a lot for my confidence.
