Thanks for response, and in response :
Permit - since you have looked into quite a lot it seems, let me accept your assertion that it is only
"paperwork" and that it should be ready by september.Am I the only on ethough that feels it will require some expenditure on those very facilities and changes the state is requesting ? and usually state then wants to inspect ? (especially if it involves water discharge)
DTC chill- I can only go by what people in the industry , brokers and market makers have told me. Is your information from the DTC ?
Resources- I think we have a miscommunication. I am not questioning the amount of material and grades that were reported, I have to assume the President as a professional in the industry wouldn't report those incorrectly, and reporting a grade of .02 gold is hardly an aggressive result ! However as you indicate you know mining stocks you will of course agree that figure is meaningless as a method of valuation unless one knows the category of resource, cost to develop, recovery % of the metal in the ground, how can any judgement be made without key information ? If you add up the value per ton, then compare to the $150 per ton mining costs they quoted in 2009 it still looks like they can make a profit.But $120 million ?
I don't know what recovery would be , but I think pretty clear it wont be the same for each of the metals contained. I also didnt check the copper and lead for whether those grades were economic,so havent done my homework.
I dont disagree with you this could turnout to be an excellent speculation, just it seems - and I mean this well- time for company to get real and realistic. After all, if they only had $5,000 in the bank, that isnt even enough to file their 10q !
Thanks for taking the time to repsond to my prior post.
