RCT has mill and production, others just holesI do think that as we continue to produce continuous results on higher and higher Au, Ag prices we should start to see a nice rise in share price. Some I believe are waiting for the expiration of those warrant shares in November but honestly there is enough room right now for a significant increase in s/p to the exercise price.
Most of funds holding these shares imo are unlikely to dump their common share positions once .15 is hit or higher unless gold were to drop back to $1000/ oz. which is unlikely if your a gold enthusiast. The end of rainy season is ending in Mexico, as it may have had an effect on surface operations so I am not sure if this will effect production but if we do see an increase that should decrease the costs. They did do some open pit mining in the last report as some of the gold is at the surface, but most mined underground
They are in a far better position than most companies (with mill and continuous production from several mines) out there then just other companies with just drill holes/results and they're not promoting which is a good sign that no financing is needed (fingers crossed). The longer we go the need for financing decreases. Either way here the upside is huge and should eventually re attract the retail that was once here. To me this is a very easy investment choice as those funds did do their due diligence, and there are many shares held institutionally paid at 4x plus higher prices.
When gold/silver break closer to that 2000/oz Au, $50 Ag levels and as summer winds down with the returning trading volumes this should start to be on the radar again. There are companies out there trading for dollars with less going for them. We have revenue in a hot sector. If it takes two years and I only make a 2000 percent return (tongue in cheek) I’ll be mildly happy. I have to agree with the other poster on Luna being gun shy as I guess I would be too if the companies I were involved with kept being merged or taken over. I’m sure Luna wants to finish his career here.
With a probable $3 million in gross revenue (ending of May) next report I can’t find another .04 stock out there. Inbox me if you find another. I’ll buy