Core Gold DMMIF

RE:RE: Jerusalem's potential

[edx]

londry wrote:
What coudl he have done in your opinion? In hindsight the money from Vertex should have been directed at DGF but maybe they couldn't get the environmental permit any faster than they did, February 25th. Right now DGF seems to be the star but have you asked the company about the current state of Zaruma?

Jerusalem and Copper Duke are attractive properties. Jerusalem has been garnering interest (at least according to the company) since as long as I have been invested here and for as long as I've been invested here they've delivered the same message: Jerusalem is not for sale. Cost cutting or going back to the upper workings (which seems to be the plan if they can get the workers back on the job), financing deals, etc are all possible alternatives.

The company has operated on a shoe string budget for years, but it's clear workers are owed money. I don't think workers all walk out at once without being considerably behind on payroll. Those are the decisions that separate the amateurs from the pros. You don't risk your entire company on a hope. As the largest shareholder by far, Washer has the most to lose here, which makes it that much more clear that he made the wrong call.

But this is all spilt milk and water under the bridge. I'm hanging in because these assets are worth far more than market cap + debt.