re: Ann: Bass Commences $1.7M Gold Processing... "As far as the...

re: Ann: Bass Commences $1.7M Gold Processing... "As far as the projected market cap of +$500m goes- management is very conservative and this could be achieved by the success of treating the gold tailings alone."


I have huge issue with you guys valuing tailings so highly.

There is reason why tailings were dumped into the lake, have sat there for years, and even larger reasons why a "Bigger" fish hasn't swooped in to Buy the mega bargain BSM at 30c with its $1B worth of tailings.

Think about it just a little. There is potential, but you guys seem to make out like Tailings will make the company. It wont. It's left over garbage that may hold some value if the planets align.

Switch-back, Fossey B or gold circuit will take it to $500M... But again its sit, wait and cross fingers.

I see $100M with a little work, but expecting any higher and you are investing on pure hope. Which is never a wise battle plan.

Enough from me.

Cheers.