RE:RE:LOOKING GOOD
The Company has not filed a 43-101 so the 5M ounces is pie in the sky at this point. The initial 43-101 is expected literally any day. It was expected in Q4 of 2013. I am long however realistically expect the Company to maybe show 1.5m ounces. This is a big guess. Also note there is the risk of the paramo overhang on this stock per the Company own press release a few months ago. The Company has a lot of properties which it has not drilled however does not have the cash to prove up those properties. So 5M ounces at this point is a not. They could option off some properties which is likely at some point. Company is cheap at these prices but anyone who thinks there is not a risk is deluding themselves.
GLTA