RE: RE: Anyone know anything re: project updates e
I rechecked their website.
The Financial Reports are now current
When you click on the Cobre Grande link, the management clearly states that they no longer have any interest but are "in discussions with the community etc. etc."
In regards to La Morena they have interest in the property but that the property was written-down by $1.1 million as "the Company had not completed any significant exploration on the property since 2006".
They also still hold "100% interest in the KM61..." but nothing has be done there since 2008.
This company is just trying to keep themselves a float. They have an approx. burn rate of $200-300,000 which means they will run out of cash by the end of this year unless something changes. Their only real hope seems to be Seymour Lake.
Good Luck
p.s. Hopefully management will decide to directly communicate to shareholders this month.