Probably somewhat correct, albeit with a smallish profit, but don't forget that everything else that comes out of that pit is free carried by the cesium extraction.
There are very sale-able other minerals also being extracted at the same time that can be sold very competitively because their extraction is already covered by the cesium.
" Just stop and think where this company would be if they never stumbled onto Caesium"
But Mitchum, they DID find the cesium and that is the part of the exploration business that you do not seem to understand.
A lot of exploration is luck when you find something else that is valuable. A lot is skill also in choosing the right ground that is likely to be rewarding.
Who, other than Cabots in the whole world, would go looking for cesium? No bugger.
At least David was quick to recognize what they had discovered when most other companies would dismiss it as quartz.
" Lepidico dropped it off like a hot potatoe as they see no value in the system. "
They may have dropped 009 but, they paid for the drilling anyway which saved PIO a heap of money and now we know for sure what is in that area at no cost to us.
To say they are not still interested in our ground is just an assumption on your part to try to support your twisted and biased view of the company.
I will be very surprised if there are not still ongoing talks with Lepidico.
Lockitt
PIO Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
