Re: What up with the road?
posted on
Apr 10, 2008 04:49AM
They received the road permit. They´re waiting for the final permit; once they receive it, they can operate the mine. Actually, they haven´t yet applied for the final permit, but are expecting to do so very soon. Hey, this is an extremely rich mine. I really think the price is where it is because we´re looking at a time frame of up to 18 months before they go operational. Personally, I don´t mind waiting, because I bought this stock in my IRA, which I don´t intend to touch anyway, for a couple of years. I try to think like Warren Buffett - buy it cheap, when nobody else is interested, and then just sit on your hands. Better than chasing stocks. At thiis price, how much can you lose, anyway? Divide the value of the proven reserves by the shares outstanding. Astounding potential.