Saturday, May 12, 2012 7:29:24 AM
Looking at all the PR and talking directly with John and Joseph it is my opinion that the answers to all the above are positives.
John has laid it all out as clearly as he can at this point. We are in the beginning here. Many unknowns to John and therefore us. But the pps definitely reflects that fact. The only thing not revealed yet is the debt situation and current OS. And that will come with the financials which are being worked and the funding terms, also do not exist. But we know what funding amount is needed. We know how the process works. We know production rate targets. Which look reasonable based on gold content and process. We know the bottom line of what gold price must be for us to be profitable. We know our CEO and ARDC have the contacts and the experience in SL to move forward. We know they are taking a conservative approach to ramp up production so they have the best chance to succeed and actually build a real solid company. We know they have a concession that has been assayed. We know that shows they have an excellent chance to profit very well from the start.
All this is pretty darn impressive for a pinky sitting at .0002.
There are not many penny stocks at that value with this much known. Admitted the risk is still high but MUCH better by far than most .0001-2 stocks I know of. So if we want to gamble this is not a bad hand to play.
It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.
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