dub - instant gratification DUB: < As long as you own silver, does it really matter when you mine it as long as the price of silver keeps gong up? >
Yes it does matter.
You would be familiar with the term “burn rate”.
There is a cost associated with operating the company.
With the silver price the way it is atm. MMN should at least have a cash flow equal to the cost of operating the company.
They just can not keep going back to shareholders/the market for further funding.
The ongoing delays in mine development is unacceptable.
The MMN management are explores, but do they have the skills and business acumen to convert to mine managers and successful mine operators and silver traders ?? Not so sure.
instant gratifi
DUB: < Is it just the lack of instant gratification / ratification of one's decision to invest in MMN >
That may be your view but make no mistake DUB, some of us have been here for a very very long time.
This company was listed more than 12 yrs. ago.
Over the years we have ‘enjoyed’ many over optimistic earbashings with all the good stories from Uncle Bob.
Time is right for some real action in Texas.
Start hiring security guards to look after the mined silver <:)
< A further construction update and revised production schedule will be provided in February. >
We shall see.
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