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MaryDV

06/20/11 10:15 AM

#3836 RE: ConferredDiligence #3835

Here is a link to 10 Q filing for end of 2010. http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7727771-861-236237&type=sect&dcn=0001062993-11-000580
For the stock to sustainably increase in value, they will have to license properties with up front payment (to help fund current operations) and on-going royalties. This business model is not all that different from buying houses, fixing them up and flipping them. Here, they have land leases, explore, discover, and flip. The key is for Barrick or another big player that actually operates mines to buy the licenses. Short of this, we are in the "cloud".

Did you go through the removal of restriction on the stock certificate?