Never thought I though say this but this stock truely could go to zeo. Thanks for a great deal sprott. It was truely in the best interest of the US Silver holder.s Worst invesment of my life!
Hold on. It's painful but hold on. Drumlummon is ENORMOUS. It's closed and a $6 million payroll disappeared from Montana.
When gold prices recover (and they will) do you think the company will have any leverage:
1. getting the expansion (from 50 to 200 acres) they want, and
2. permission to construct a mill on sight
Their environmental statement re: expansion has been flopping around government for going on three years. The payroll leverage will get this one open again and expanded and mill construction approval.
Remember, many of the top officers of the company come from Barrack--no fly by night outfit when it comes to making a deal.
It's not likely that there will be anything left when gold recovers. The Galena mine is bleeding cash at a rapid rate and the company is just about out of cash.