Hello Red: I said the company has stated "3.5mil to 5mil" tons would
be delineated this year, with possibly another 5 mil moved into drill indicated status. Those arent my words, they are Winspears words per the Friday conversation. Sure in time maybe next year more tonnage. As an evaluator of fundamentals, the stock has been fairly
valued based on their proven resource of 1.4mil tons, backed by the
scoping study. It as well has been a generous valuation given the
facts of this company and their unwillingness to disclose pertinant data to this deposit. I hope they find several million tons, and it is
full of large stones., no one would be happier than me. I just think
some reality checks are in order concerning where this company is right now. I think events which may harm the industrys credibility should be addressed by the market leader, and that is Winspear.
I dream along with the rest of the people that hope Winspear delivers
the big deposit we all hope for, but as well, I wont promote it beyond
what I feel is a reasonable valuation given the current statements by
the company.
This wont sell newsletters, because people want to be told everything
is great, and pie in the sky. I find my approach counterproductive to
advancing my website, but my intent is to give a balanced approach to
each situation. The worse thing this industry needs right now is another letdown, I have been thru most of them and remember them
well.
Hope you now more clearly understand my position.
Regards
George |
