Replies to post #30102 on Value Microcaps Junior Miners

[Bobwins]

ort.to/eorbf trading again -.21 to C$1.16

no revs until 2014 and they probably need a financing due to equipment delay.

The no revs is somewhat misleading. They will likely generate revs from the 1tpd capacity of the plant. That potentially a couple hundred tons of production by year end but any sales will be credited to the capex costs rather than to revenues until they declare commercial production. So before the new equipment arrives, we still have the possibility of sales to commercial customers. The accounting will just not show it on the P&L until commercial production is declared.

[ashy2classy]

But yet ORT releases something that says there's nothing to explain the drop????? How can they blatantly lie like that?

[daredguy]

re: ORT http://heavyreenews.com/?p=182