In simple terms , we are 3 years on from the "ëmergency stop" and we have (in ball park figures) :
A share price approximately the same at $ 0.16 and a share registry that has grown by a factor much greater than the resource estimate.
Given that the plant sitting in a shed on site is a constant in this financial equation , it appears to me on the face of it there is something missing to balance the equation.
Now , I'm no mathematical genius so I would appreciate if someone could enlighten me as to what the missing factor is to balance the sides of the equation in terms of the statement "build shareholder value" ?
If the board is so confident in their new understanding of the geology , why do we have to continue to wait for a decision to mine and to seemingly "reduce shareholder value" through further dilution , when additional drilling can be carried out while the project development process takes it's due course ?
Rick Rule often mentions that "hope" is not a good investment strategy , I "hope" that it does not apply here .
My opinion only , DYOR.
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In simple terms , we are 3 years on from the "ëmergency stop"...
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