Question-and-Answer Session
Unidentified Audience Member
(Question Inaudible)
Pierce Carson
Well, people or management of companies always feel that their stock should be trading higher. Having said that, I will agree with you completely; the question is, on the basis of your study of other companies, it appears to you that our company appears to be under valued if you consider our large resource base. And you are wondering why that is. Why isn't the stock trading at a higher value and I think there are probably two or three reasons for that.
I think first of all, going back a few years, the company had some difficult times financially and they have just been able to recovery from that over the last year or so.
Secondly, I think we are trading on the Bulletin Board. We are really under radar of a lot of analysts. We don't have much following. We are not very well known. We do have a very loyal shareholder group, but really the company is not really well known and I think it is really up to us to try to more effectively tell our story, by getting out to conferences like this one.
But in addition to that, I believe that if we can list the company on the Toronto Stock Exchange, we will get a lot more exposure to the investment community.
And secondly, I think as we transition from an exploration company to real production, we will get better recognition for that as well. And that typically happens to junior companies, when you go from exploration to production, I hope that helps answer your question.
Unidentified Audience Member
(Question Inaudible)
Pierce Carson
The question is, with the higher metal prices, what's the upside potential at Summit, and what can we say about what the potential mine life might be and so forth? And the answer is yes, these higher metal prices, what we've actually already have there in a resource category that's already been drilled will probably increase. We need to recalculate what the reserves are at these higher prices. So we do expect to increase the mine life just on that basis.
But in addition to that there are some other very good intersections that we have in other parts of the Summit structure that are not currently in our reserve or a resource base and we're quite confident that when we start mining underground certain areas will be identified that will add to what we already have. As well as that, there is the Steeple Rock District which is an old mining district with lots of old mines and vein systems typically and we, we are looking at some of those as well as areas outside of the Steeple Rock District for additional fee to the mill.
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