Someone has to do something here.

With all due respect, mica, I'm rather tired of the armchair CEOs criticising situations they know little to nothing about. If you think that you can run the company better, then I expect to see you coming forward with a dissident proxy circular at the next AGM, with a slate of new directors for us to consider.

I have suggested numerous times that you talk to Jim about your concerns. Have you done so? If not, why not?

Jim put a lot of time and effort into seeking non-dilutive (non-equity) financing for the La Yesca mill rehabilitation project because that was better for the shareholders in the long run. As far as I know, the loan apps are still pending (neither approved nor rejected). That they were not quickly rejected is a very solid inference that the economic aspects of the project are reasonable. If that money does eventually flow, that simply will accelerate the full and proper exploration of the large claim blocks adjacent to these historic tailings.

Stop and think for a moment. If this mining waste (the tailings pile) is of sufficient grade as to be considered worthy of processing now, then what grade of ore was actually present initially? The Spaniards didn't have assay labs to guide them. They went on visuals alone. Chip samples from within the historic workings returned some assays well into the four digits on silver, from visible veins. Visible silver not worth the trouble to mine back then? What else is waiting to be found? The claims have never been explored using modern geophysics, nor have they ever been drilled (as I recall things). IMHO, the Spanish didn't get all the ore.

And you want to write off the Ring of Fire, just when Jim is at the verge of earning the 55% majority ownership position in vast areas which have not yet been more than superficially explored, just as regional infrastructure seems to be on the verge of coming into existence?

I'm absolutely boggled by your point of view.

Lar