WE heard the same thing 5 years ago. All good points, but it never happened. Add in the options and warrents. Plus 3 to 5 years before they get permits and equipment. There will be lots more shares to issue before you see mining. That being said, I know little about the rest of the company. If you are an active trader. You can play with it. But its best to buy companys that are in production. BEST OF LUCK TO ALL THE OLD GUY