Solidus Communications Inc (SLDC)

[Old Geologist]

Corle - Actually there is a need for drilling and positive results for a stock to make a run. Once positive results start flowing the price will move. I do not expect any significant movements in SUNGRO until they start drilling. If they get a drill on the ground they will hit something based on the data I have seen in the 43-101. Most investors are not going to be looking at things like permitability. They see good numbers they invest. I look at market cap as one of the most important components in valuing a company. That said the other critical thing I look at is cash in the bank. Without that they are dead in the water. I look at people after that and try to evaluate the projects on a technical level. All my investing is companies listed on the TSX. They may have US listings a well but data is easy to get here http://www.tmx.com/

If you want to look at 2 that I love that fit all the criteria look at GCU - insane stock structure. This should be a $200M market cap in my opinion, and money on the bank for another year or 2. Also LCC. What they are drilling could be a +billion dollar deposit. As for SUNGRO I do not expect much to happen until they can get $$. Permits are a non starter for me. They will get drill permits, but they need cash to drill then this one will run, but I just don't see how they move without results. They could be generating news by getting a geo out on the ground and sampling and defining more drill targets, but that even seems to be beyond their capability right now. It is an easy way to generate news and start investors following the company progress.