Risk, as much as I cannot argue your point I would say that production occurring could be meaningless.
Without an idea of total recovery, separation and sell-able material, ongoing production could actually be a negative rather than positive.
With very limited cash, the company can go just so long with operations before either generating cash flow through sales or beginning another round of dilution.
We all hope production is fruit full but for all we know they are struggling to recover any significant material and are simply burning cash. That would mean each day that passes he company becomes worth less and less.
Just keeping things in perspective on both directions.
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