I'm not buying stocks these days, instead buying some foreclosures to rent or flip. Wish I were active, but I would not look at OTC miners...though there's one doing quite well, North Bay..and with a mine that may open in Cali!
But you said
Plata feels that public comment and 'enviro nuts' will be a non-issue.
so I'll post his old pm....it was from before SUGO closed on the claims, so that changed. As did the price. HE said the same thing as did the BLM rep, which is that the enviro's and the public comment period will be problematic--I think a lot, you don't. Opinions mean little, it is what happens in the end that matters.
Mods can delete this post if they feel it's against the TOS, which technically it is....but really, he could and maybe should have posted it on the board.....
<There is no way this is a $1.00 stock with a market cap if $65M. Valuation is generally $50.00/oz in the ground proven after you reach 100,000 ounces and $100.00/oz in the ground after you have 1,000,000 ounces proven. They don't even have the property yet. I have been on the ground, met the owners and have talked to them. This deal goes away in 10 days and they are getting tired. Timberline left because they could not get permits and they wanted to suspend payments to the owners until they had the permits. I evaluated the property about a year ago and talked to the BLM and some underlying issues are cleared up now. I was told that there was no reason the permits would not be issued, but they can be appealed. If you are looking at that permits are 6-12 months out. These guys at SUGO got slapped in the past for stock manipulation and it would seem to me that they may be real good at it...
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