I do believe that they can sell samplings and are potentially separating small amounts of gold. I do not consider it a true revenue source since its more a by product of a growing operation through testing and initial steps of progression.
I would imagine many would be happy to bid on the stockpile since a sample will show the gold content. This is not too likely what SNEY has plans to do so I feel the pile cannot be sold. It is there for separation and top dollar. At its current state it is a pile of dirt. Yes with materials in it that have value but than again so does the dirt still sitting in the river bed.
I was trying to show that the company is not an actual production company yet but rather one in operations trying to become fully producing still. For me that appears very far below expectations based on PR's and business models that SNEY has developed and published. I am sure most if not everyone had expected some sort of processing equipment to have been set up so far but the PR painted a different picture.
As always I feel confident the concession holds a large value but question the current managements ability to properly handle the operation. Based on the last years accumulation of errors, delays, misstatements in PRs, and lack of progress, I feel the company and shareholders would be best served with a buyout or JV to help move the company in a more productive pace. I personally feel by this time next year gold and REE's will be much lower in price. The delays could, in the end mean many millions of dollars lost. Commodity prices rarely remain stagnant anymore. Volatility of metals and equities have become the new norm. Although some feel gold can continue the meteoric rise I feel history has been all too clear that such a things has not ever occurred and will not likely occur now.
AI
