Scam or No Scam? Legit companies and scams look exactly the same at this early stage of the game. Regardless of the case it's better to be in early than later holding the bag if that is to be the case.
We have recently experienced a spectacular meteoric rise and fall in pps .20 to 1.70 and back to .12 with a start up gold miner. Is it a scam or not? Depends on who you talk to. Sorry I missed the rise, happy I missed the fall.
Only you can be the judge. As far as I am concerned, there has been a boatload of Due Diligence conducted here and there isn't much you won't learn about the company etc. that is currently known. My guess is that this will become a producing gold mining operation and very soon.
The exploration stage companies values are getting hammered and the producers are making their investors a lot of money.
Because this is producing mine on sabbatical, it long ago graduated from the exploratory stage and should endear many with the respect of that status. There is a big difference between drilling holes and assays and resource definition studies and actually producing millable concentrate.
It seems to me that even if they only did 500 oz.Au per month the stock would be worth $.50 to $.75. We know they have been doing less than that but the difference is not because it's not there, I'ts because they didn't want to pay for the diesel to do more. It has been a dirt moving job. Nothing else.
Well, I need to get out there and see if I can shake a seller out of a tree and buy some more of this.
Good Luck and Good Fortune.