RE:We should all buy!!!!!!!!!!!!!!!SmilinJuanG wrote:
It's that time of year when price seems to get surpressed.................always leading into the ridiculous grant of FREE shares to the destroyers of value.....aka SMilinJuan, ScamRectors, and Fraudulosa Bolivians........................
I dont know that its a buy, but happy to see them get less shares due to higher price......................
all imho.....
Hey yitasnasi , agree with you, IF this were a regular stoc, but we know who runs the sh!t show here and how they work it year after year. I like the Fraudulosa reference, but be carefull, you could be suspended again for suggesting their is , ahem , cough cough, fraud here .
Reminder, they are sitting on an oxide stockpile of 2.18 Million tonnes , with the gold equivalent content of 386,950 oz at 1.85 g/t . At todays prices of Copper at $3.30 US , the copper alone is worth around $300 Miliion US , which if processed over 3 years, and we break even on the gold production and the copper is gravy, would add $130 Million CDN in revenue, or about 4 times our current market cap . Something wrong with this picture ?
Yes, they have promised that this will be running by FY 2021 , but we have seen these promises before. Oh, and as a reminder to all, the talings alone contain 8 Million tonnes of "stuff" , i forget the exact content of Au , and too lazy to look it up. No wimagine if they could get to that as well.
Anyhow, lets see how they reward themselves with DSU's this year.
And to the poster who suggests I sell and move on, it has been a long 22 years for me, and I only hold a small 5 figure share count at this time, have sold most of my holdings on spikes , so not getting killed here by holding a while longer. If we ever get to a buck a share, there is a nice Porsche or Audi SUV waiting for me, otherwise I'm fine,My holding in this is less than 2% of my total portfolio . Thanks for your concern
Coop