RE:RE:RE:RE:250 Million ounces silverequivalent and more cash than mk.mrpancake wrote: Every once and awhile I take a second look at this and wonder what the "F" is going on with the sign on the dotted line local official? Are they waiting for Minco to go broke or what. I think I was out in the 90 cents+ range long long ago. Does not matter how much silver if they never get the paperwork in hand its game over in China
Well they have the paperwork. They just have to get to work and explore the living $hit out of it and make it as lucrative as the initial numbers suggest, so that the government has no option but to provide the mining permit.
Around 40m cash and equivalents (china will have to wait some time for these guys to go broke). This is the interesting part they have never folded in terms of giving up on the company or the Fuwan. They have been able to generate capital and preserve it. They want this to succeed.
Im on the sidlines currently. Used to own this several times in the past.