Bob Chapman, he stated that he expected Hellix to announce that they were ready to start the operation (in AZ) based on the assys. Based on those initial assys earlier this year he felt that Hellix had a minable property. IMO, this next round of drilling is nothing more than trying to find the optimal starting point for the mine. Will hold strong...
Thank you - - finally a calm,rational post on this topic.
I have a minimal position and will watch for how things go. One doesnt need to go in at the very bottom, or collect profits at the very top. - - If it doesnt work out (most jr miners don't) - - I'll drop it. There are many prospects out there.
Based on their progress this far if they are ever to go into production it is a LONG way off...There is absolutely nothing to suggest even a plan of production...Even larger companies take a few years to get a mine built only after a feasibility study has been completed which can take up to a year itself...And before the feasibility study they need a resource estimate of some sort and they still need more drilling for that..The other thing is they barely have enough cash right now to do a thorough drilling campaign let alone build a producing mine...For this to take place they need to raise cash which means some kind of debt or share offering..
Not saying this stock can't go up from here because it can...It will take a huge move in gold to do it..