RE:Excellent resultCaptain,
I have not been this pleased with the company progress in quite a while.
When Ian made the tough decision to sell off part of Thierry to pay off loans and then concentrate on the existing ore body at Bull River for revenue that was a game changer. We have not received much in the way of stock price appreciation for that, but it was huge to me.
Stock pricing currently is that of a mediochre explorer with some reserves that will take a decade and massive dilution to develop. However, as you know, that is far from the truth.
We can just wait out the last of the permit process while bringing in a quarter of a million every month until we can secure the permit.
The permit is the key at this point for a major stock price acceleration, but as is, I can see us slowly moving upward barring any major issues.
The mine is nearly ready to start with very little funding needed. HUGE.
I would like to see a press release putting where we are, where we hope to go, by when and at what cost and what we can see as revenue once mining Bull River. I understand thats a lot to ask, so I dont expect it.
I have been doing my own simple math and projections and there is simply no reason not to be able to be a $150 million market cap company with Bull River alone. At current copper / gold / silver prices we have between 700-800 million in the ground. Each additional $1 up in copper adds another $160 million.
Then possibly Thierry comes on board and we own 38% of that monster deposit.
(of course I could be wrong)
JMO
RD