What's with your condescending language? I'm pointing out the reality - if you do not agree with it, that is fine. I feel that GDSM is being pumped, big time. By the posters on this board, they look at everything through rosy glasses and understandably so; they want their investment to be worth something.
But as it stands, currently:
1) We do not know the 'worth' or 'value' of the 'property' being mined.
2) We do not have any of the equipment to mine it to begin with, which costs several hundreds to millions of dollars. Mines have exuberant startup costs, that WILL be financed BY THE SHAREHOLDERS, as it is CLEARLY stated in the recent filing.
Sure once everything is in place and they are mining, of course they won't need AS MUCH public money - at that point they'll have a recovery cost and etc to determine whether or not the mine is feasible (hopefully it is).
I never wrongly mislead anything so your wordage is again, another pump. Don't let people see the truth on how GDSM is going to finance itself.
The word initially means, from the start. From the start, they have NOTHING. We will foot the bill for their decision as to whether or not THEY WILL EVEN CONTINUE.
I think some of you need to reread phase 3-5.
Again, phase 1-5 generates ZERO REVENUE. Yep, read it again Sir. There will be no profits this year, at the earliest, GDSM could consider the idea of mining, probably next year around this time.
Your play on semantics is just that, a play on words.
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