GOLD in Eureka & Carlin trends Nevada; MOLYBDENUM in British Columbia
High-grade Magnesium and Manganese discoveries on Tami-Mosi Nevada, while CrowRea Molybdenum development continues
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Molycor Gold Corp. > Message
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Re: NEWS - Molycor Gold Corp.: Incentive Stock Options

Posted by: nmaycock on May 16, 2008 06:33AM

In response to: Re: NEWS - Molycor Gold Cor... by gimeen

"It's often extremely difficult to value these companies due to lack of PROVEN resources."

So what is the company doing in order to "prove" a resource? A couple of drill programs can't prove up a resource. Sounding like a broken record here, but what work has been done at Dobbin I and II over the past 3+ years? What work has been done at Crowrea over the past 10+ years? As a Molycor “following for some time now” person you should ask those questions. You think that if they truly believed in those properties that they would have at the minimum an inferred resource calculation on one of those properties. But they don’t have that and are nowhere near to having that, and management goes around and puts out private placement after private placement, stock option grant after stock option grant. At what point do you ask, what value am I getting from this dilution?

I look at the Hunter Dickinson suite of companies and they set up plans and execute them. For example look at Farallon Resources. I remember years ago, their Mine in 2009 plan. Seems like they are right on track to do that. They executed the financing, drill programs, and off-take agreements. What is the plan at Molycor?

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Larry Reaugh
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August 04, 2008

Larry Reaugh provides outlook on recent acquisition of 400K acre coal property

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