For frustrated PIO shareholders, page-217

This is exactly the problem NBM is pointing out. The economics have not been proven to the owners of the project ( PIO’s shareholders). The company did an economic analysis in May, but has not released the results. Also, Cabot are not paying for the mining as many have stated. They are lending PIO the money to do it. For all the S/H know the Pollucite might only be worth USD 5mm. I am sure there is an agreed formula for what Cabot pay us depending on grade and contaminants. I don’t know what that number is, do you? I don’t accept the “Commercial in confidence” argument for a number of reasons. First, the contract is signed and neither side can back out. Second, it will all become evident at some point in the quarterlies. It has been said that the numbers haven’t been released because we don’t have a JORC compliant resource estimate. Fair enough, but when will we have that?
Dave obviously believes they have enough information to start spending our money on digging a hole. Why don’t shareholders have any of that information, or a timeline over which it will be delivered? All we have is a comment from a Q and A session with DC saying we will “make $15mm” from the Cs. Is that USD? Is that net or gross?
The reason we are stuck at 2 cents is that people look at Dave waving his finger in the air to see which way the wind is blowing and then shouting “Dig Here!”.