RE:RE:RE:RE:RE:RE:RE:RE:Excuse my "rookie" question ronz wrote:
There was a time when I felt that Chief had a good perception on this company, but turns out that it was nothing but garbage and a feeble attempt to make suggestions with out any facts to mislead people in my opinion. Your hardly insulted by my last post, more like a shortage of any relevant info as nobody cares to listen to your forcasts for the stock as you are never right that I can recall as your predictions are dilusional and appear fabricated. How do you sleep at night...
I sleep very well. Since I purchased this stock things have developed very nicely. However during that development there have been delays. The delays however, have been good for the companies business plan.
When I initially purchased the stock it was based on the fact they had abandoned drilling for a 43-101. They have now gone to PhySpi which is far more accurate when doing a veined property.
They have also changed the business plan mid stride from shipping 3/4 aggregate by rail to an end user, too, production at Asbury. In doing so, that meant they could embark on a 43-101 for the East Side of the property.
Now, you would have to believe everyone but you is a complete moron, for deciding to do a 43-101/PEA together without knowing you have a reasonable resource. Companies do not just go out and decide to do both without one, before the other, unless they are fasttracking for a reason.
We have two 43-101s being developed and one PEA. Thats a huge undertaking. Now you may ask, why is it taking longer then I thought? Its a simple answer IMHO and that is, they have found more graphite then they thought they would.
That changes the dynamics of the PEA. It makes them have to determine upfront where the lower grades will be floated and the implications of trucking ore to Asbury. So you start adding in a provision for a closed loop flotation plant on Miller to float the low grade and when you have a flat bed of barrels of concentrate, you then ship them to Asbury for Thermal or Caustic upgrading.
You have to have contracts in place with truckers, contractors, end users, and have those costs defined and locked in. So to go into production next summer is a huge undertaking.
So ronz, the fact you find my predictions wrong or off schedule is irrelevant to me. The schedule is driven by the company. The rest of us are guessors in the absence of evidence, taking stabs as to whats happening. If you do not like this, there is an easy solution. Either ignore me, or leave Bulletin Boards forever. Its pretty easy.