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Thursday, 04/21/2011 11:43:46 AM

Thursday, April 21, 2011 11:43:46 AM

Post# of 40789
I think a lot of these "developmental stage" mining companies are in business more to sell shares by telling everyone how good things will be than to actually produce gold. In other words, it's all about the selling shares and not about the mining. There's a lot of speculators who will buy anything "gold" and PR's from pinksheet companies claiming a lot of gold in randomly sampled "chips" (lol) actually do work to get buyers.
Looks like this company is in hype mode now. They must need to sell shares. (20 million issued in March alone I think.)
They are buying things and paying bills..everything with low priced shares.
Sure that's what pinkie, developing companies do. But why not just produce some of that ubiquitous gold? The gold in all those "chips" laying around and pay your bills? All those grams per ton? Just hire a few workers to process some of that. Why wait for who knows when? Why? Because it's all about selling shares.
Just IMO...