Jesus H Christ - these guys have done nothing except dilution existing shareholders into oblivion, and issuing a butt load of options that will cap any share price appreciation forever since the pump n dump in May. How's that MOU going? Most optimistic understanding. They haven't even done the drilling they said they would do. They've also missed a pretty epic macro story in the rising price of copper and not progressed their projects at all, is it past halfway in the dry season and they haven't spun a single drill rod yet?
These guys must be lifestyle co surely? Why haven't they been S249'd yet?
Ann: Letter to Shareholders, page-3
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