It's also possible that the price is simply responding to selling by those who took 10M shares valued @ .001 in March to as payment on a convertible note.....if they got the shares for .001 and can sell those shares btwn .01 and .015, well, that's quite an incentive not to hold, isn't it. Odd that the conversion price is so low in light of historical price range.
OS up to 315M shares, float up to 79M, loss of $39.5K for Q1 2011 on no revenues.....
"The remaining properties have a total of 241,000 oz. proven/probable/indicated gold reserves and 950,000 oz. of proven/probable/indicated silver reserves. At $1,200/oz. gold and $30/oz. silver, the gold reserves total $289,000,000 and the silver reserves total $28,500,000."
IMO - a breakout won't occur here until they stop paying their bills with common stock.
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