I quite agee with better IR to give investors more confidence it should help the stock.this worries me about this company more than dilution, dilution must be expected.
On the Ni43-101 reports I think there is a misconception, as there is about valuations of a mining company project. The NI43-101 reports , if that is what they have and not just a report "based on NI43-101 criteria", do not have to value a project. They do typically present a budget for what is needed. To value a project typically in this industry one uses Net Present Value,Payback, and Internal Rate of Return, and Canadian rule specifically forbid economic calculations based on inferred resources.Plus I suspect the estimates they are giving are based on historical information which also requires qualifiers. we will see if they release these reports. I for one doubt they will ever release the full reports, as there is much in these reports that SEC doesnt allow in SEC filings, and even frowns upon outside of SEC filings though some American companies do.
For sure NI43-101 reports do not value properties based on value of metal in the ground undiscounted for extraction and processing costs and CPAEX required. Some investments analysts do compare market cap to resource for various competitors in the sector.
To quote reserves they need a feasibility study which company doesnt have, and probably cant afford for outside party to prepare. Their resources probably are derived form old data NI43-101 wouldnt accept as a current resource.
Doesnt matter really as if they have control of mill, progressing towards operation, and sources of potential ore for the mill, all very poweful story compared to most penny mining stocks.
