InvestorsHub Logo
icon url

ficose

01/11/13 11:09 AM

#60242 RE: sanbrunobaby #60213

Not a lot of details about the PO's have not been released, but this is a community of miners - even if they aren't actively mining right now. A big hurdle is educating the miners on the steps to pass the DRMS review. The steps aren't hard, but the DRMS has rules that have to be followed. They are really nice guys - if you play the game.

Again, IMO the HR side isn't going to be a problem if, (and I agree), they have working capital. They've had a few young guys more than willing to help, but the company has had to contract up to this point.

The only way Guyer is going to actually see his $250k/yr is to make this profitable. He's down a few million right now. For example, he was optioned about $70K in November and only cashed in about $5K of it. His potential paycheck drops with the pps.

It's a good spec play, but there is a little risk involved. (Did I say a little? Apologies to my fellow longs that have their P/L windows open!) Right now is a good time for me - it was a lot scarier a few years ago - 6 1/2 months? I can wait.