Seems you missed a paragraph.
That with out a defined resource and understanding the grades and location of that potential resource.
You're at a very high risk of share holders wealth destruction and large company's taking over the asset
How about I let AIW and Shen cover this
There has been insufficient exploration drilling to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
"The Company’s ability to sustain or increase the proposed levels of production is dependent upon the successful development of new producing mines and/or identification of additional reserves at existing mining operations"
given speculative nature of exploration activities, there are significant uncertainties associated with forecasting future revenues from the Company’s proposed activities.
changes in mineralogy in the ore deposit can result in inconsistent recovery affecting the economic viability of the project
matters of judgement and may not prove to be an accurate indication of the quality or quantity of copper which Shenglong has identified or may be able to extract.
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Seems you missed a paragraph. That with out a defined resource...
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