Post by
CaseProdemo on Apr 23, 2024 1:05pm
Junior mining biggest problem.
Every junior mining company starts out with a plan to find or prove up a mineral deposit and turn it into mine to make money for its sharholders. Sounds simple enough to get people excited to get on board. Why do so many so many of these not make it to become a mine or get sold to a miner. We all know those deposits are rare and a smart investor waits untill they get some kind of prove they are on to something but that is not enough to reduce your risk of loosing your money. Management is just as importand as the deposit.
They can make or break the stock by not doing the work or milking it dry.
If you get your project right with great management in a good juristriction what is next on the list for failing. I would put market sentiment next. You can have it all but if nobody cares the stock still goes down. That is what happend to us. You run out of money to suport the drill program and need to sell shares to keep going. We now went from being a potential twenty bagger to a ten bagger in two years doing nothing wrong in the company. That is why DILUTION is a killer for all junior mining companies. I remember GP in an intervieuw when he first came on board give himselve 3 years to prove the gold was here.He knew the money would dry up and dilution was the result. He also hoped as he proved the gold was here the market would reward him with a higher price making it less painfull to dilute. The one thing he can not control is the one to watch now. Gold is up and GP keeps finding more so what's up market???Give us a break we don't deserve to be thrown out with the bathwater..
Comment by
goingalta on Apr 23, 2024 3:53pm
We are not getting thrown out with the bath water yet. We got to keep drilling and show more gold we need to prove up some large gold reserves 50-60-100 million OZ gold it is there we. got lots money to drill keep drilling. show large assays and lots off. The mine will start soon
Comment by
red on Apr 27, 2024 8:38am
Agree with you CP ... it's drill what we can , when we can and yes we have to wait it out....it's all here
Comment by
red on May 02, 2024 9:18am
Certainly is what many wait for but..to bad money markets are what they are..besides con GP has proven north of town holds significant gold aswell and has only scratched the surface there .would be nice if we had money to be working at both locations..bit of time and that will change as well.
Comment by
CaseProdemo on May 03, 2024 8:54pm
I beleive we will be wedging all year if no mistakes are made and we loose the hole sooner. Some of the miners are beginning to move up. It's a start.