My two cents problem is not the information in press releases, but market doesnt put much value on the news until key questions addressed. I agree, looking at historic grades one would assume there is ore and can be mined at a profit. However there is no indication of capital required, confidence in timeframe ( whether sooner or later), terms of orders etc- simply impression is of a company that lack transparency, or worse simply in over its head. This may not be true, but the IR effort at this company IMO is atrocious,but then again if they have run out of money maybe not much they can do.
I still believe they have the elements to turn this around but share count will go up significantly and price may drop in the meantime. But so what ? May be great opportunity to average down , and after all at this price obviously speculative.
Hopefully 8k on Magna group a sign maybe things will turnaround !
Most mining equities down the last year, and funding very difficult, but really with 6 months to go into production time for CFO in my opinion to get someone who can advise him to build a credible story, implement the story and gain confidence. And if he has to do another reverse, do it before they go into production.
