RE:Would You Rather KAM or EOM?
Shiff,
KAM is in a friendly jurisdication called the Yukon and its permitting process and social license are much much much more likely than EOM. KAM has 2.2 M ounces of proven and probable reserves and 60,000 hectares of exploration potential also. I do not have any KAM and never heard of the company until today. You really put a spin on things. EOM has zero proven and probable reserves but does have anywhere from 3.24M to 13M measured, indicated and inferred resources. How much of this will ever become mineable reserves is the big question. The PFS study which has been shelfed was to come up with 3.24M ounces of proven reserves. Until its completed you cannot say the Company has proven reserves if they cannot be mined. Also Columbia is a horrible jurisdication just ask EOM. EOM/Greystar have struggled for almost a decade here. Do you really believe it will all end now. After the court decision, things do not look so good. That is why this stock sits at $0.35.
As for arbritration, many on this board must realize that a financing to pay legal costs may likely dilute existing shareholders more than normal and may include various types of equity instruments such as arbritration rights etc. See Gabriel Resources who is suing Romania and its stock price has gone nowhere. GLTA