Newish presentation up I say newish because not much has really changed.
IMO some of the points in the "Current Snapshot" while perhaps technically correct, do not accurately represent reality.
Point 2 about Zaruma being in production being the most glaring example.
Ya it's in production technically but in reality it might as well not be as it's not commercially viable, not profitable, and as far as anyone knows, is not complete, and hasn't been run anywhere near capacity.
So IMO it being "in production" is somewhat misleading.
Point 3 about qualifying for 5 concessions is also a bit of a joke when they can give no indication whatsoever of when they might be able to take advantage of those concessions.
Certainly it looks like maybe sometime next year they might be able to use 3 of them but who knows when that may be?
So again, unless you actually are aware of the circumstances, point two while being technically true, is in reality not nearly as positive as the point would imply.
Points 4 and 5 are really only one point and again, with the hints of further dilution, and the new $ 600,000 loan [to pay salary increases?] are they really an accurate reflection of what's happening?
Point 6 about commissioning Zaruma for 25 million being, once again, strictly true does not give the entire picture.
Concentrator extra and maybe not completed so an ongoing cost.
And then the declines still not complete so an ongoing cost.
Then the biggie, water, a big expense and no doubt an on going one.
Lastly we go back to point 2 where Zaruma while techinically in production is still losing money.
Kudos for building a mine so cheap but perhaps in reality it would have been better to spend some more money to do it right?
The last point about seeking other advanced stage projects is a big of a head scratcher. They are losing money on Zaruma and do not want to dilute so it's beyond me where the money for other projects will come from.
So IMO much of those points are a bit misleading and most of the rest of the presentation is same old, same old.
No mention of the water problems of course [Ha Ha] and of course no clarity on anything at all.
Same old, same old from the usual suspects.