Congratulations shareholders. At pps of .10 the market cap is now just about equal to the actual cash bond sitting with DRMS (i.e., about 500k). That means today the company is worth only its cash posted on bond - no value to anything else. No value to the permit, nor any value to gold and silver claims. This is company management that has let this occur. They say nothing, all the while the pps sinks. They use millions of shares to make new purchases, all to the detriment of its existing shareholders. If this company sold its assets at 25 million dollars with 5.8 million shares outstanding, the gain to investors would be approximately $4.30 per share. For most, post R/S it would be a 200% gain. And, I find it hard to believe that the mill, permit and mines in possession or control aren't worth 25 million on a fire sale. Now, with the pending closing on 2 extra mines, the outstanding shares will be about 42 million (without further dilution). A fire sale at 25 million under these circumstances would be about .60 per share. This represents a post R/S break even, or large loss for most or all shareholders. I only bring this up because the company is no closer to operational with the purchase of the two extra mines, as without them. The company still cannot go operational without money. So, we get diluted like before. And, where is the company going to get the 3 plus million to close the mine purchases by January 6th? If financing is being put into place, which makes sense, then what terms favorable to financing will be further dilution to shareholders? When and/or if this company sells or goes operational, the shareholdres pre R/S will have lost everything. Anyone buying at any post R/S price, or today's, or tomorrow's, will learn the hard way. The buying now must be newbies to this company who see no history with the new symbol, and maybe arebnot savy enough to go the SEC website where they can see the entire history of filings on this company. Because, anyone who does DD and sees the entire history, representations made by company officials along the way, and the increase to 1 billion shares post R/S, would not touch this stock! It didn't have to be this way. The company was primed at R/S with low share structure, and then goes to 1 billion. Not a very smart move. And, the proof is in the drop in the pps like a rock. The pps will keep going south about 5 to 15 percent each day under these circumstances.
ALL IN MY OPINION. GG
AI
