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havocjohn

07/24/12 11:10 AM

#67704 RE: scubastevemd #67699

depends on what you mean by profitable: debt free? could be 2014 or 15 depending on what they are actually mining and how soon results start coming in from Ghana.

I think if they are able to meet the expectations they outlined earlier (mineral content and amassing tonnage) then we could see positive revenue (profit) as soon as Q3, but most likely Q4 or Q1 next yr.

It's really hard to say without knowing exactly what has gotten done in regards to the processing plant, who is lined up to buy and what, not to mention their ability to transport material from point a to point b.

I am hopeful todays moves are a sign that they are actually ready to rock and roll. Not sure what I expected today in regards to the run up, just knew that without the Q getting done it would further delay everything else. I don't think I will personally be in the red from here on out, unless we get some really bad news.

And since for now I am done with the bantering to entertain myself all I have now is positive hopes that this thing is going to beat my expectations. :)
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peterrum

07/24/12 11:13 AM

#67705 RE: scubastevemd #67699

I'm with you on that one Scuba. To go from an exploration company to revenue producing can/will be done but its a huge leap. I am long on this one after viewing their operation in SL. It would be possible for them to get some revenue in the shorter term maybe even by year end but that would not be from a full production run.