I Read your email again, seems there are a few items that perhaps we didnt understand each other.
1. "You seem to be looking for capital requirements so you wont have to make speculative investment decision".
I made clear I looked on this as a short term speculation, which considering potential volatility in this period leading up to projected production in 2013,and that I had no problems with purchasing stock on that basis. Second, I indicated I was searching for a a few very basic questions to be answered in order to determine whether to make what I would call an investment decision on whether tomake a larger purchase based in medium term possibilities.
2.DD Strategy based on SEC reports - quite agree SEC reports only one source of information, hence communicating with people like yourself who have followed stock longer than I is very helpful, and of course company's own promotional material is also helpful.
3. Re CFO- I am not complaining about his salary as evidently borrd considers $300k per year reasonable for his level of experience. Actually I think it is a plus, because to make $300k per year-whether now or later- from this company will take a lot of effort so he has incentive.Presumably he has some benchmarks to meet.
4 Re Contacting CFO and doing homework : Quite agree that before contacting CFO I should do my homework.Also CFO cant for a public company release any information to me that hasnt been released to others. And since he doesnt believe providing investors the capital requirements - though the section on liquidity on the 10k they could have easily amplified- I doubt I would gain more information.
I do appreciate you taking the time to respond to my questions and comments. I admit I still am mystified why considering that a company going into production in the fall,which releases some forward-looking information but omits certain key information , that asking these basic questions apparently is out of line- or normal that company doesnt present such projections the way most junior mining development stage companies would.
As fas the company not having much cash, and having big capital requirements this is quite a normal situation for junior mining companies. They brought in over $400,000 last year, and if they start production in the fall as they project this stock could explode in price upwards.
By the way, how do I access the DRMS database ?
I am not bashing the stock and I take them at their word that they believe what they project and that CFO believes he has a reasonable chance to raise financing to implement their busines plan- and when he doesnt he will of course update their projected start date.
