It is what it is, and that is an exploration stage mining company about to become a junior production company with the only active antimony mine in the US. Is it real? Yes it is and the drill data is NI 43-101 compliant. If you don't know what that means you should look it up. Are they permitted? yes... to the tune of 100 tons per day of ore that runs between 10% and 25% antimony with antimony metal priced at about $10,000 per ton, the potential revenue exceeds $100,000 per day. Are they close to production? Yes... within a matter of weeks. How did they get this far starting with nothing? They received convertible debt from the usual suspects who have been converting that debt and driving the price down. Is the dilution excessive? No, considering that even if ALL the 540 million Authorized shares were converted, the majority of the OS is still restricted and the market cap would still be about $2.5 million, which is a dramatic undervaluation. A more reasonable market cap at this point would be an order of magnitude higher than where we are right now.
You're welcome.
