$6 million in "market" value wont show up on financial statements as per US GAAP as one cant write -up assets to market value, unless they acquired such assets at that cost.Where did this figure come from, a independant appraisal ?
Kind of like press releases announcing value on metal in the ground without considering extraction costs or capex.
I really wish the company would stop this sort of overly-promotional marketing which frankly raises doubt in my opinion for any serious invesor. They should just put out a corporate update, answer key questions, aim to be transparent. The key elements to the story (a) control of a mill (b) nearby mining projects(c) company plan to realize value with key benchmarks and prorgess towards them.
And as a broken record, release an 8k on what happened or didnt happen March 6.The longer they wait the more apparent management clearly doesnt wish stockholders to know status.
The basic story is a good one, can management execute ? While day to day price declines dont bother me as I epxect such in this stock, it is a concern management apparently oblivious that their marketing strategy of silence on key issues just isnt working.Or can someone indicate it is working ?
