"Lovely, as it is to debate the virtues of 'tailings' ( I saw the pictures of endless piles of them also, it does not make business-sense to preclude / conclude / exclude any determination of value of this 'sidecar' of LSTG until at least ONE SINGLE DOLLAR has been earned. Agreed on that point?"
No, I don't agree with that point. This company is a complete unknown. Its financials describe a cash-strapped startup with nothing to show for two years of operation but debt, a drill and a used truck. It has no realistic prospects of mining La Candelaria or anywhere else unless it can (a) raise significant additional capital; or (b) begin to generate revenue from operations. Unless it can show the POTENTIAL to operate at a profit, its stock is not worth the price of the paper it is printed on and never will be, no matter what the paid pumper said. That's why I have spent a lot of my time to do the analysis of their prospects and to do my best to verify the things they have told the investing public.
LSTG has been unable to raise much money, even from the toxic "cash for equity" lenders like Fairhills and Deer Valley, so plan (a) isn't working. The Tailings Project is plan (b). If they can generate revenue from it, they don't need ruinous equity financing to continue their exploration program in La Candelaria. With significant free cash flow from the Tailings, they can get better terms for the debt they choose to take on. That's why I have focused so much on the Tailings Project. It looks to me that, unless they begin to generate revenue from this project, they won't be able to continue in La Candelaria.
I completely agree with you on one thing: There's been no revenue generated at all. Now, the time for excuses is over. It is time LSTG started showing some positive results from operations, and stopped trying to baffle its investors with BS instead of providing concrete and verifiable facts about its operations and its operational results.
