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golden08

02/13/08 7:50 AM

#11874 RE: joanie #11873

What you and several others are missing is this.
Some of you came into this knowing nothing or very little about mining. Now im not an expert on the subject.
However i do know that mines dont happen overnight and in most cases it takes years.
Now i know what your going to say,They have been at it for years.
Well they were never well funded so it will take longer.
You should also realize that investing in exploration companys is speculation at best.
Very few miners started with production.
I will say this. I still believe unico started backwards.
Meaning they should have been drilling and building resources to garner a higher stock price to raise money with.
Is this bad management? Well only time will tell.
Maybe there is something they know that we dont know or dont fully understand yet.

I do believe there is economically viable deposits of Gold,silver+other base metals at their current propertys.
Will we ever see them mined. Dont know.
Will they reverse split. Yes. But the bigger question is will they do it again and again.

Remember this is mining. Its not always black and white.
One companys lack of ability to find the ore is most times another companys riches.

golden08

02/13/08 7:53 AM

#11875 RE: joanie #11873

There was also no viable ore to be had at the red lake property either.
Or so they thought.

golden08

02/13/08 7:58 AM

#11876 RE: joanie #11873

See we can continue to hash this out.
However the point is getting mute. Now we just wait.