I have to admit that you are spot on!! However I'm disappointed about the broken promises eg of being "cash flow positive" or "profitable" when clearly we are not. I suppose time will tell. One thing though - we investors should try and stop bashing each other and try to share our thoughts and observations with each other in a frank and professional way and try and keep emotions on the side-lines. I truly hope LODE is successful in the long term but believe that some sour medicine (or even major surgery) is required immediately. I, for one, would like to see a real medium term plan from the company showing production, cost, capital, grade expectations and their strategy on how it will be achieved. Going for high grade underground resources in the future will undoubtedly require major capital injection (to access the ore body and to build a plant capable of treating sulfide ore). Before this can happen it must be drilled out, tested and a Reserve statement completed. I understand that a "Reserve" hasn't been done on the current deposits!! That is unbelievable, highly unusual and puts into question just how could a feasibility study have been completed prior to commencing development/production. It does however provide some answers to why a 20,000 ounce Pa production rate was targeted when clearly it doesn't make money at that rate. A feasibility study based of a Reserve would have highlighted this up front.
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