RE: cmk Nice perspective ravensbranch, the resource is huge and more drilling over time will continue to expand it's worth going forward.
I am certainly not an expert on mining but based on my years of following many exploration plays, companies on the TSX venture etc, it's not easy to bring exploration mines into production. Doesn't matter if it's coal, gold, copper, zinc, diamonds etc etc. So if you look at the New Elk mine at first sale, the needed upgrades to the facilities, wash plant other major buildings etc, the mine it's self, adding multiple new seems I don't think it's taking longer than normal if anything it's been within a 5 x year plan which is pretty positive.
I think the issue for the last 14-16 months has been the lack of management to be upfront about the real development timeframe, and real lack of openness with the investment community and lack of financing skills and outlook in that period. If they came out straight up like they should have maybe the stock price would not have popped to $5 for a month and down to $1, it would be at $3.50 as some investment firms would have given a premum to their credibility and future guidance. As it stands now it's a show me story, but it doesn't mean this time they can't show us......
Coop