RE:...aaaaaand back to the failings of LADGreat post CM. Sadly I expect much of the same from this dilusional person/people in response to you.
I grew up in Vancouver. The Carolin mine is an old story. When I was in Hope BC one weekend over a year ago, I was in coffee shop, I seen few old timers chatting. I asked what they thought about Carolin mine possibly going into production?
Response: Believe it when you see it! Many in Hope BC jumped on Carolin mine bandwagon in the 80's..... many were burned big time when the stock crashed & the mine shut-down.
As for how the story sits today. They need too much capital up-front to just get exploring never mind proving a gold-mine. LAD was plugged in Northern miner etc...in the early start up-phase or uhmmm.. dream-phase of the "new" LAD business plan. The stock garnered some attention from this....the NM article was very up-front about the amount of funding this deal needed, ignored largely! mostly because of the firm gold price @ $1600.
If you read the LAD website, the big push was to mine tailings at the mine, WHEN gold was touching $1800-$1900.
Now with gold at $1300, over $10,000,000 in up-front start up costs $3,000,000 in running costs...all this and LAD shareholders still wouldn't own a mine. The couple million they would have made would trickle in as production started most likely burned on corporate day to day costs with very little going into the ground.
Now they have no money. No property ownership, no gold price, and no real solid 43-101 prefeasability study or feasability study, both costing a whack of cash...on a property LAD doesn't own to date.
Conclusion: No money, no asset, no proven reserve, gold down $500 from the LAD dream stage = Share-value = ZERO