I discussed this topic as well while having the ears of Wes and Paul. I share their opinions that trying to find new discoveries now is a waste of money when you think about it as a company, not as a shareholder. The company can go looking for all the riches of the ring of fire in 2-4 years at half the cost or better when the infrastructure is in. As a shareholder, I would love to get a good pop in share price due to Eagle 3 or a gold hit but the reality here is that we have a conservative management group who are thinking in terms of years, not days like us traders/investors. I can understand how many are not happy about this plan.

They are building value the old fashion way by following the established protocols of a feasibility study. This is a long and painful process where value is not unlocked till it is completed and the plan is positive and financing can be had at a decent value. For those looking for a quick ROI, this is not the place to be, at least not at this time. It is a good time to accumulate though as the price may go lower but represents significant undervaluation at our current price. As I pointed out in my last post, we may see lower prices yet in a Greek default or during tax loss selling but there is no guarantees on that either.

The other topic is politics and I have heard some may buy in if such or such a party get in. Again, no way to know how the elections will turn out (Ex Orange Crush RIP JL) or how the players will react to the results.

I maintain that at these prices, this is a buy with a very good ROI at an undetermined date...

Glorieux