Replies to post #4406 on Value Microcaps Junior Miners

[Bobwins]

I used to own this when it was dyn.v. They still are losing money even after high tungsten prices and higher gold prices. The gold mill is due to be spun off. They aren't making any money on the gold operations because they are just milling at a fixed rate of 10% of the gross price of gold. They have raised some money to explore their gold properties and possibly produce their own gold.

If you isolate just the tungsten operations, they are also losing money there because of non cash options expenses. They also have over 120million shares out fully diluted so they need to make $8 million net profits just to justify the current share price. I doubt they are going to make $8 million any time soon with just the tungsten production.

Bobwins