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Fangster

09/23/11 1:20 PM

#44627 RE: Austinvball #44625

Agreeeeeed! A baseless comment...
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mikeymgd

09/23/11 1:32 PM

#44629 RE: Austinvball #44625

I would never recommend throwing something out. Its simply returning to remove a more difficult material later.

Many companies fail because they try to be to big too quick. Anyone that has gone to college and learned business knows this. Its business 101 and not rocket science.

Of course SNEY has the ability to dilute for funding so that certainly helps them achieve the funding to attack the more valuable and much much much more difficult way to grow...REE's.

If it works out than the company will have huge revenues but if they struggle to find a buyer than the 1.8B OS will be tiny in comparison to where they may need to bring it. I would have liked to see them attack the easier and yet very profitable gold first and then after the rainy season they would have had the funding from operations to move into the REE market or even smarter have the funds to order more dredges.

A smaller consistent growth would have achieved a lot more in my opinion.