The resource is classified as Inferred. If it were upgraded to Indicated, both the resource and grade would likely decrease by at least 50%—completely worthless! Moreover, the deposit is quite thin, scattered, and lacks continuity, making it economically unviable for mining. The management team is horrible, the company is burdened with debt, and there’s no cash left in the bank. They’ll soon have to raise funds, further diluting shareholder equity.
-
- There are more pages in this discussion • 203 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add to My Watchlist
What is My Watchlist?
