I've noticed that penny mining stocks almost all seem to carry on the centuries old tradition of over promising and under delivering. The news on this one is good and we should have a little more traction but so far the smart players have been jumping in and out, not holding long term.
The city and all the great mountainside were riddled with mining-shafts. There were more mines than miners. True, not ten of these mines were yielding rock worth hauling to a mill, but everybody said, "Wait till the shaft gets down where the ledge comes in solid, and then you will see!" So nobody was discouraged. These were nearly all "wildcat" mines, and wholly worthless, but nobody believed it then. The "Ophir," the "Gould & Curry," the "Mexican," and other great mines on the Comstock lead in Virginia and Gold Hill were turning out huge piles of rich rock every day, and every man believed that his little wildcat claim was as good as any on the "main lead" and would infallibly be worth a thousand dollars a foot when he "got down where it came in solid."
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