I agree that this company has a lot of potential should all go to plan, but even the directors acknowledge in the last couple of reports that nothing is for certain yet. ( note the word 'viability' in both reports)
I think this has a lot to do with the uncertainty around the share price at the moment.
From the Quarterly Report for the Period Ending 30 September 2010
1.1.2 Economic Review
The overall Capital Cost, including working capital requirements, is expected to be finalised within the Quarter which will enable completion of the overall economics of the project. The Board will then be in a position to make a decision on the viability to re-start economic silver production at Texas
From the Annual Report 2010
REVIEW OF OPERATIONS
Once all the technical studies and
testwork on the rolls crushing have
been completed the economic
model will be finalised and a formal
recommendation made to the Board
regarding the viability of re-starting
commercial viable silver production
at the Texas Silver Project
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