goarmyI was not being facetious when i suggested 5 cents/share...

goarmy

I was not being facetious when i suggested 5 cents/share was a possibility.

They have basically doubled the number of shares (once you take into account all the options). Given that the share price previously fell to around 8 cents, 5 cents now equates to 10 cents/share on former capital structure.

I will not touch this thing until I feel certain about the road approval. Even then I may wait to put some more money on this losing horse until they have built the road.

I expect the quarterly to be another shocker. The grade for the underground mine is far too low to have this operation viable. Either the road gets approved soon or they should just allow the Brazilian operation to go bankrupt and they should save their remaining funds for their project in Peru.

loki (Holder of a few MUN shares from a larger parcel passed on to better hands after taking my bit of pain.)