Post by
willyk3 on Jul 26, 2021 7:51am
What we know
In january the company ,flippantly perhaps, released the info that they had produced 90000 lbs of copper....and optomistcally talked of reaching full production of 25 million lbs per annum
By April it was apparent that something was wrong but I cannot recall any investor communication to that effect
On May 14 the company finally addressed the issues that were blatantly exposed by the Crux report...and reported that 230000 lbs ofcopper had been produced .... somewhat shy of any kind of expected production. Yet again they optomistically forecast 25 million lbs by 2022
Since then there has been precious little communication. The PI financial conference was interesting and for the novice investor /speculator like myself it was some reassuring handholding pointing out the strengths of the deposit, the ESG aspects, north amercan based and various solutions to be tested. But for me this was all little more than promotion..I have seen no official numbers on either the website or sedar.
Surely by now, they could release some official numbers on production and expenses....hope and faith can only go so far