For me, too many questions, not enough answers!
Well, I was hoping by now I would have sold most
of my shares at a buck, but at the risk of damaging
the shares I still hold, here goes:
I think we have been asking only the easier questions
on this thread, because the hard questions will just
scare people away. But, you cant help but wonder
about several important issues. Outside of this thread
there are surely people in the mining community who are
following the story. These folks very likely have a better
picture of the whole thing than we do, and those people seem
not to be driving the stock price up.
When I got in the morning of the news, I could not get
in fast enough. But the fact that as time goes by, the
price is dropping suggests that as people find out more,
they like this less.
Now before everybody starts flaming me, here are my top
five questions I would like answered--unless I manage to
find out some answers, I see no reason to be adding to
my shares, and maybe I should sell the 15,000 I still have!
1. I already asked about the lack of drilling. Dr Hausen
"recommended against its use due to the deposit's characteristics.
Instead, a program of channeling, trenching and pitting was chosen
because of increased representative sample size." Does anybody
on the thread know this fellow? Is anybody from Newmont lurking
who would have known this fellow? As somebody who is completely
unfamiliar with how these things are done, scooping samples
from trenchs, pits, and shafts doesn't sound so good. This concern
has been raised before, but it apparently was Hausen's decision
to make--what are the odds it was the right decision? Or was it
simply a faster and cheaper decision?
Again, as somebody who is not a miner, I would have guessed that,
unless the thing is terribly hard to set up, you could at least
shoot sideways into a hill a hundred feet to get a nice virgin
sample. Better than digging, yes/no?
2. Why does the website not have any useful information. And why
doesn't their webmaster get rid of those dang flames?! Finally,
with regards to the website, if they had used smaller jpegs they
would have had at least the same quality images but a much smaller
size, those bitmaps suck.
3. Regarding those pictures, it looks like many were taken
fairly recently, when the problems with the El-Nino rains were
at a height. Nonetheless, the proximity of the river at Cueva
Playa is troubling to me, even after the rains have ended and
the river is mostly dry. I've mentioned the Ruth copper pit
several times, because it is my only experience with seeing these
things. With the mountain on one side, and the river on the
other, is there really enough room for the pit at this location
and what is the risk that water keeps filling a pit up?
Is there a nice big flat area off to the side with room for a
pit? Or is the pit going in a totally different area. Has anybody
seen a map? These folks are supposed to have an area which is
9km long--how wide?
4. Has anybody who can speak spanish contacted Adan Zamora
(Bolivia's Vice-Minister of Mining) to see if he has heard yet
from Mr. Giovanni Viscarra ("a geologist on whom I rely regarding
the Tipuani area.").
5. Assuming that at any moment the stock price exactly reflects
what is known by all the investors out there, to what extent
have we, on this thread, been moving the price and screwing
ourselves?
The mine website shows that only 6380 hits have been logged.
How many were we responsible for? If the answer is most of them,
maybe there has been very little outside influence
on the stock price and so it is unfairly low?? Or am I giving
Silicon Investor too much credit--Probably--if there are a
hundred people from SI hitting the site repeatedly, that still
could only account for 1000 hits, so I would say that WE are
not having an effect on the stock price, there are too many
other folks outside of SI who are aware of it. These people
also seem to be disheartened. (I guess I should also ask,
when was the website counter last reset--well, this is just
a silly guessing game, nevermind).
It is strange that nomatter what the price of a share is,
the risk seems to be fairly constant. I don't feel like
I know much more than I did when it was a nickle! And yet
this huge press release is out there saying 6.4M PROVEN.
It is always a damn leap of faith--if it were not, we'd
be at a buck. You know, the smartest investors probably
realized early, that none of the risks would ease until
there is an open pit mine operating profitably at the
site. Somewhere there is an investor with a lot of very
cheap shares, and he is not even keeping up with his bet
at all--that person is the smartest of all. |
