ProShares Short SmallCap600 T.SBB

RE:RE:RE:Once you have the WHY

[AlwaysLong683]

BaldSilverHead wrote:

Alwayswrong it's not hard to fool people when you have secret meetings with no disclosures and ommisions. 

Ask yourself WHYdid Sabina remove all reference to Silver Royalty from Corporate Presentation?

it was my canary in the coal mine and by the looks of it, my take on it appears correct. 

the BOD gets rewarded the shareholders do not. 

So let me get this straight.

The silver royalty on Glencore's Hackett River Project is so valuable that it appears the last MRE conducted on this property occurred in 2013 with no "proven or probable" reserves to mention and a footnote that reads:

Mineral resources, which are not mineral reserves, demonstrate economic potential, but have yet to demonstrate economic viability.

Consequently, unless you can provide this BB with a link outlining further work done by Glencore at later dates (or whoever controls it now), it appears this project has gone nowhere for about a decade with no feasibility studies and no decision as to whether it will ever be mined. Yeah, sounds like a real diamond in the rough. SBB won't get a penny in royalties until a mine and mill is built and silver mined from that property is poured. When's that going to take place, and what is the present value of this apparent long shot, if any?