RE:RE:What to make out of this Additional comments from Roger
Q: once DRA Americas quantifies the cost of production, would that be considered more valuable and/or understandable information for mining company investors? In other words, more investors might realize the value of LME?
A: Very good question. DRA's role which is already officially at play (under specific agreements with LME) 1) is not only quantifying the cost of future production but as an independent qualified/experienced party 2) is executing the production a) the reprocessing of the 197,000tons of the LME's surface stockpile and b) the re-opening of LME's historical Quebec Sturgeon River Gold mine shafts; in order to go back underground for both i) continued exploration and ii) the restart and continued production of what was started in the late 1930s when the historical mine was in production. And all this is currently in play and being executed. This moving forward is being viewed as very positive/very favourable in the eyes of a senior producer/prospective acquirors because this eliminates steps that they (the senior producer) would have to execute. For example, LME has applied for (and is about to be approved by the Ministry) all the necessary permits for LME to go into full production. No other junior miners have taken these steps. No other junior miner is sitting on two past-producing Gold mines, that is financially viable to go back into production. All this will translate into more $value for LME shareholders at the time of a BUYOUT. p.s. The street does not recognize nor understand these value steps that have been taken.