Post by
reddog11 on Jun 19, 2023 7:55pm
new press release
Never can tell lately if raising money here is good news (because someone still cares) or bad news because its more dilution and nothing ever "seems" to happen with it.
This last one says to help develop the Bull River Mine?
....yet no permit?
Hopefully to crush and sell the ore pile.
RD
Comment by
medford on Jun 26, 2023 11:04am
Property taxes are due on July 1. As it sits without a permit the property is worthless, yet cash outflows continue.
Comment by
reddog11 on Jun 26, 2023 11:50am
Sad affair. It is my uderstanding that we still own and can process without a permit the existing ore pile. We have the new / used crusher. The ore after processing is worth about 10 million plus or minus. Why we dont get that done NOW eludes me. Maybe Im wrong. jmo RD
Comment by
medford on Jun 27, 2023 12:35pm
Don't get your hopes too high, that ore is on the books at just over $5mm. I don't know when and how that number was derived.
Comment by
reddog11 on Jun 27, 2023 5:13pm
medford, i did this analysis a whileback. Using all information from the website. Of course I coud be wrong somewhere. Of course even at 5 million (consider it cash) we should be worth close to current market cap valuing all other assets at zero. RD Previous analysis...next.