Re: claim for saleThanks for your honesty on being short. The news releases are historic and not 43-101 compliant. There is alot of bigger companies than this that have major projects with 1500 tpd operations that still don't have 43-101 reserve reports , scoping studies or feasibilty studies done and are doing fine. That's why the price is cheap or this would be over a buck. They are planning a drilling program and a scoping study with a well known major who's name will be released soon enough.
As far as Rich I don't think anyone said he was a geo. or anything like that. He does know the mining business very well and he put a couple of years negotiating with the chinese [property owners] to put this deal together and he said it wasn't easy one of his easier negotiations. He said he saw the massive potenial here and thought it to be worth the effort. Time will tell and I know where I've placed my bet.
As far as shorting goes at .13 you look at the risk/reward of maybe picking up a nickel or as a long position in a soon to be hot gold market, well the upside over the next few months/years is certainly where the value is. As I type I see gold is at $895 and climbing. Why take the short risk with your $6500 and put it into any gold producer and it will be money in the bank, if you don't trust/like this play. Good luck trading