Theta Gold Mines - Breakout, page-50

You made a valid point, investing in small caps needs due dilligence in management more than ever.
The quality of the management and particularly its ability to build mines is often overlooked.
I can't say nothing on Ram Resources and his role there. That is long time ago, perhaps I show you a picture from TGM's Febr 2020 presentation

It seems that this guy is hard working, but I can assure you, that guy on this picture is definitely not our chairman Bill Guy, even though it looks like this !
I must admit, I had to smile on that one

But seriously I give you a few hints from myself:
- Bill Guy was appointed as Chairman in Sept 2018
- Positive Theta Hill open-cut gold mine scoping study in Oct 2018
- High grade shallow gold at Theta Hill and Columbia Hill in Nov 2018
- Feasibility study update in Mar 2019
- Theta Gold increases mineral resource to over 6M oz in May 2019
and gives positive feasibility study for Theta project
- Theta buys Ball Mill for A$550,000 in Oct 2019 in preparation towards construction and Ball Mill arrives at mine site in Mar 2020

For last point above management's commentary from chairman Bill Guy:
“An equivalent new 2.5MW ball mill with spare parts costs ~A$5.5m and
would take up to 40 weeks from order to delivery. Instead,
Theta has managed to secure a secondhand mill in excellent condition, and with an inventory of vital spare parts for less than A$800,000 (incl. dissemble & delivery), ...
The purchase also provides certainty of grinding capability for the mine and, being larger than initially planned for in the feasibility study, allows for future throughput increases."

So my point is, this answer alone looks like a stroke of genius and gives me personally even more trust and confidence in TGM's future and management's capability, but that is only my humble opinion and no financial advice