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BuddyGuise

01/04/12 8:10 AM

#52537 RE: FadeMeToWin #52536

Not sure what you mean, it states things pretty clearly, plus when you bring in one of the worlds leading mineralogist your gonna be better at what your doing. This is fantastic news, remember folks, this is on 28% of their property that we're talking about (please correct me if I'm wrong here). This 28% holds a ton of gold 500,000 ounces! Now your adding more value to a quarter of the concession. THIS IS AWESOME!!!
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silvergun

01/04/12 8:12 AM

#52538 RE: FadeMeToWin #52536

They aren't delaying. They are just going to get more goodies from the same batch.
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The Rainmaker

01/04/12 8:19 AM

#52543 RE: FadeMeToWin #52536

Claim is more valuable and instead of just Gold by using a more advanced system they can get more valuable minerals and generate a higher profit return. All Jr. Miners have to go through this same exact process. Beckman is a top notch respected addition to SNEY team.
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mikeymgd

01/04/12 8:29 AM

#52551 RE: FadeMeToWin #52536

I agree completely.

Yes the PR is good for a long term approach but short term this could mean further downside before we begin rebuilding the image and stock price.

The further metals equal additional POTENTIAL revenue and profit but with that comes delays and further need for funding. This could translate to further downward pressure and potential additional round of dilution for funding.

Going cash flow positive quick was important since they had a rather small amount of cash considering the very long period of time to get operations going. If they still have no processing set up than we could be several months from initial revenue generations still. I am not confident the current funding is adequate to allow continued delays to initial processing.

I would expect some upward moves today but I personally doubt it will hold and would look for a quick move south again since the PR was clear to the fact that production is further delayed based on a need to change the original plan on processing.

Again a good PR for those with a 1 year or greater outlook but bad for those with a 3-6 month outlook.

JMHO
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Fangster

01/04/12 9:46 AM

#52601 RE: FadeMeToWin #52536

You left "JUST KIDDING" off the end of your post.