U308-some questions for you?1. Did you post under other user names previously on stockhouse?
2. Are you aware that the continued share offerings this year, and substantial dilution have basically been used to pay executive salaries and admin costs, and NOT on new properties?
3. That the "mill" has been held up for almost 18 months by the state of Utah, in it's attempt to get relicensed? In addition, it is a very small mill, with outdated technology from the early 80's. It also will need to meet the much more stringent environmental requirements of 35 years in the future. I've heard the estimate to get this refitted and brought up to code is as much as $3,000,000 US. That does not take into account the strong enviromental activists working against it-thus the long delay by the state of Utah. In other words, it may never happen.............
IF it does get rebuilt and relicensed, it would be very bullish for the shares. But currently, there is nothing to indicate that it will happen.
Nothing would please a long term shareholder like myself more, than these things being resolved.
Unfortunately, I think it's more likely that 2018 will bring even more dilution, and then a reverse split of 10-1, or 20-1. Personally, I wouldn't be happy with 100,000 shares becoming 5,000.
I may be wrong, but this will suffer a long time, even if U prices go up over $35. The fundamentals are not your friend.