RE:Yo NineLives;Agreed, but ultimately the litmus test is the share price which over the past two years is showing a resounding vote of no confidence. To put it simply, if the price of IAU's stock is not taken into consideration then why become a public company ?
If the company does produce a working profitable mine but successive dilution of the shares to get to that point means shareholders receive no benefit whatsoever then it certainly defeats the whole objective, doesn't it. The other factor to look at is, are the dollars raised being spent wisely. For me the make and break point is the remainder of 2024 to prove up that money spent from these last two placements is being used on this project that will ultimately benefit shareholders, both institutional and retail.
I really want this to succeed having a vested interest, but am also well aware of the pitfalls and issues that mining on a large scale can present. I don't expect every investment to make money but do expect fiscal responsibility during the procedures.
On that note it's a wait and see.