RE: good post robey trader
Thanks for your comment.
Interesting position we find ourselves in.......
Not long ago we were at $.28 a share, looking for an NI 43-101 that would give us 90+/- million silver equiv ounces - 90,000,000 / 50 = 1,800,000 gold equiv ounces - At present due to the last NI 43-101, we are at $.05 a share and yet,,,, considering the more complete picture that has been revealed to/for investors, we stand to make bigger gains from our present share price. Granted, many of us are currently under water due to share price cost, but our chances of success - if management doesn't throw us under the bus - are close to a slam dunk. CMA, IMO, will prove to have 500,000+ gold equiv ounces and I believe that may be conservative. I know that is only about 28% of what we were expecting, but the expectations are very realistic. However, our expectations of/for gains, such as they are, are greater than they were before, yet, while they are greater, they have a better chance of becoming real,,, the kind of 'real' that we can put in our pockets.
The reasons being:
The resources we do know about exist in the land of the living.
The resources known are not 'all' in the inferred category.
The present NI 43-101 tells us there are more resources present
The resources identified are shallow, thus reducing extraction costs
The Bulk of presently known resources are classified as more than just 'maybe they are there'
We are entering an accelerated 'supply/demand period'
Bottom line is, we are not down for the count.