The company as far as I can see has announced agreements which is doesnt have the financial ability to fulfill, to acquire certain mining projects. Not uncommon in the junior sector- but then one has to look at the probability of whether they can raise the financing, which is and has been extremely doubtful.
Then even if they acquire these properties, is their quantity of material that is economic. So basically yes of course hard to say there is no gold,silver or copper,in these properties, there probably is some. But whether the metals present will be ever economic is another question.
What information do we have ? Some rather fuzzy press releases lacking key details necessary to hazard a guess as to any potential to become reserves, and presented in such a slipshod way and use of supposed NI43-101 guidelines that anyone familiar with such reports would question the validity or merit of what was released to the public.
Then there is a mill, with a first and second against it. It has some value, if only for scrap value of equipment. Does it have an economic value ? We do not know, but it has some promotional value of course.Then there is permitting issues.
If management set and met objectives and intelligently communicated to investors that would be one thing- but this company has a track record of establishing unrealistic projections they havent met.
Maybe what causes the confusion is they put out press releases indicating hyopethetical values of metal in the ground without any even rough estimates of costs to extract. There is a reason why regulatory bodies severely frown on this type of "disclosure". Proof is in the pudding- didnt do company any good anyway.
