CPO 2.27% 4.5¢ culpeo minerals limited

settle down. an un-drilled or under-drilled project is a...

  1. 2,330 Posts.
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    settle down. an un-drilled or under-drilled project is a liability not an asset.

    Lana Corina looks the goods but not what you are hyping it up to be. Even the directors are not throwing around stupid numbers like that.

    don't over hype with a ridiculous target potential when it'll be a mission for them to define 30MT.

    You fail the acknowledge the biggest risk is them not being able to meet the next milestone deadline to increase ownership.

    They've wasted Q2 doing basically nothing at lana corina as they have no cash.

    They play to do something in Q3 but who knows when.

    They will likely have burned 400K in Q2 just on corporate expenses alone & it leaves them with around $500K.

    There are some major problems and risk here.

    It is a deep hole they have dug themselves.


 
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