patience, page-4

Lots of conjecture about what is going on,

maybe we just need to take them at their word and wait for the report to be released.
I am close to one of the major shareholders[Inside the top ten} and as late as last week he expressed complete confidence in management to deliver the goods.
Our number one shareholder has been adding to their position slowly over the last 6 months, now they would have direct access to senior CJO managment, so they would have a good idea about what is going on.
Senior management and the board own close to 100 million shares between them, i think that gives them enough incentive to get this across the line,
you have to remember that the document they are producing has to be good enough to get finance, so it has to be right.
I will admit that they have been terrible on keeping shareholders informed but until it can be proved otherwise i will continue to give them the benefit of any small angst i have.
Back in the depths of the GFC we plummeted to just below where we are today, we had to do a capital raising to survive, we are so much closer to mining than we were then, compare gold and silver prices between then and now, oh and we did not have the couple of additional projects that we have now.
In a couple of years time we might just look back and regret not buying some more at under 10 cents, indeed according to some analysts reports , the first full year of production should be worth 7 cents a share, capital payback in less than 2 years, and a IRR of over 55%, even if you treat it as a punt, from here, it looks a pretty good risk reward investment.
I hold more than most and have been adding to my position this week, barring a complete blowup of word markets we might have seen the lows.