The press release refers to the report being prepared to NI43-101 criteria which one hand raises question how they using pre-2000 data to calculate resources. Having said that I may be in error, it may very well be a NI43-101 report just their wording is a bit odd in their press release.Read almost any press release about NI43-101 reports and instantly one will see the difference.
The information about the mines is most positive- these mines didnt have today's drilling or milling technology so very understandable potential for discovery.I believe reason for lack of market resposne one might expect is company continuously avoids key information investors would like - capex required, operating costs, terms of orders, working capital requirements. All information they infer in their press releases they have.And an update on projection of the start date. There is no reason for company not to release such information since they have already released a start date, forecast revenue, and gross profit percentage.
CFO seems pretty sharp, maybe he should recognize IR not his strong point.This stock should be trading in $.02 to $.04 range with all its potential. As far as operational side, not sure if CEO grasps modern permitting. Does he have any practical experience in a producing mine in his background or is his background more in exploration ?
