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Message: Re: Is stock being accumulated...
10
Apr 14, 2011 12:06PM

I don't know if the stock is being accumulated. But I know this. At the current $14M market cap, this company is outrageously cheap, if/when they are able to get La Yesca into stable production. It's inconceivable for the market cap to stay at this level once La Yesca is online.

I can't remember all the estimates on cash flows from the mill, but even at a low level of $2M net profit per year, this company would be generation 14% profit based on current market cap. This is not taken into account any value from the 55% ownership of one of largest claims at McFaulds, Copalquin, potentials at Mar, etc.

Last I heard, things are moving in the right direction at La Yesca. No matter how slow the progress, as long as there is progress eventually the goal would be reached. I heard Jim is down at La Yesca right now. Hopefully good news is just around the corner.

LD

4
Apr 14, 2011 07:30PM
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Apr 16, 2011 04:44PM
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