Re: 3 meetings...
in response to
by
posted on
Mar 22, 2012 07:27PM
(Edit this Message from the "Fast Facts" Section)
Hey, no problem with anything you say. I also presume we'll get something before the meetings. I too have "have learned their game". It's just sad that they have reduced it to a game rather than just being straightforward. Every PR is a puzzle that has to be carefully parsed to see exactly what it says, or doesn't say, or what it's covering up, or if it says anything at all. The WEM story is unbelievably good, but their "games" have destroyed their credibility to tell it. I just hope the people at the meeting can also see beyond the games to the potential riches underneath.
The problem is that it looks like the cyanide leach system and reasonable recovery rates are off into the future. As far as the mill expansion, who knows? The vault and smelter will be nice, especially if the smelter produces outside income, but there has been no visible progress on either for a while. Some non-dilutive financing would be nice, but that is only a means to an end. The timeline for substantial revenue has been pushed way back, so now our hopes depend on drilling. That was supposed to have started in January. Where are the permits? I keep hearing any day, but I've learned that one of their games is that "any day" can mean "any month", "any year", or even never. Remember the Melba mill? That was "any day" for a very long time.
I'm still holding, but not my breath.