Re: Disappointing interview with Rick Mark
in response to
by
posted on
Apr 24, 2009 05:53PM
Recent Results Include 6.69% Copper Over 71.69 Metres and 3.74% Copper Over 21.77 Metres
After listening to the interview, I decided to listen a second time and make a few notes. I strongly recommend you do likewise, and I believe there is significant takeaway for our undervalued shareholding. First, while I was sunning my aging butt in Florida, they nimbley pounded a couple holes through the frozen Puella Bay. They spent a small amount of money for the sole purpose of checking their instincts that if promising, they could get the jump on peripheral claim staking, which they did. This has added exploration value/inventory at minimal cost.
Secondly, HBM has been "unavailable" due to the internal squabble. Now that they are back in public again, (and by the way, looking at all strategies on the buy/sell/produce fronts) RM is proceeding with dialogue on "how to get it out of the ground" . So RM clearly believes it is a valuable/mineable/and expandable deposit (=multiples of current market cap).
Thirdly, he emphasized the imperative of adding value (by defining the Reed Lake deposit, etc.) while preserving capital until metals prices strengthen somewhat.That simply re-affirmed his commitment to avoid unnecessary dilution or premature capitulation to deeper pockets.
I think RM was clear, focussed and well spoken. Our "job" as patient shareholders is a lot simpler when we know the guys in charge have really taken ownership. I am that much more confident and patient after his comments which back up the great exploration performance. Management has no control or influence on the SP, especially in this market, that is everyone's cross to bear, but his comments make it a lighter load. I think I can at last see the end of the tunnel!