Ann: Quarterly Activities Report, page-20

Well, I read their past report where they have reserves worth 3 years left based on 1.3mt per year. And all those possibilities of finding extra aren't something investors typically use to base investments on, otherwise this stock would have been 35c today!

Every miner thinks they have something in the ground, but it's the future studies and approvals that determine if they can create value by extracting those commodities and selling them.

I guess if you bought this long ago, then good luck. But entering now is high risk.

Hopefully, the company can convert those resources into reserves and extend the mine life by another 7 years (total of 10 years) from now.