No money but also no debt and proven reserves.

We could borrow $100 million and we would have the debt to asset ratio of an average mining company. Other JM's run out of money before finfing anything and trade above their net present value. We also have huge insider ownership by 1. management 2. hedge funds 3. future customers. It is in the interest of all 3 to avoid dilution of their ownership.

Wengfuyoung, as the only LGDI bear here its on your shoulders to do more work to prove us wrong. Your messages say nothing. Stop repeating yourself, roll up your sleeves and start doing some actual research. Read through the SEC forms of the company, of other similar companies, give us some hard numbers, examples of other JMs that have failed, etc.

All of us here have opinions and back it up. Show us you know something about the company or the industry.