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| related topics |
| {stock, price, share} |
| {gas, price, oil} |
| {cost, contract, operation} |
| {interest, director, officer} |
| {acquisition, growth, future} |
| {personnel, key, retain} |
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Risks Related to Our Business
Our property is in the exploration and development stage. There is substantial risk that no commercially exploitable minerals will be found and that funds we expend on exploration and development will be lost. If we do not discover any mineral resource in a commercially exploitable quantity, our business could
Because we may never earn revenues from our operations, our business may fail and cause investors to lose their entire investment in our company.
Mineral operations are subject to applicable law and government regulation. Even if we discover a mineral resource in a commercially exploitable quantity, these laws and regulations could restrict or prohibit the exploitation of that mineral resource. If we cannot exploit any mineral resource that we might discover on our properties, our business may fail.
Our success is dependent on retaining key personnel and on hiring and retaining additional personnel. If we fail to retain our key personnel, we may have to cease operations.
As we undertake exploration of our mineral claims, we will be subject to compliance with government regulation that may increase the anticipated cost of our exploration program.
We will need additional financing to execute our business plan, which additional financing may not be available on reasonable terms or at all.
Mineral exploration and development is subject to extraordinary operating risks. We do not currently insure against these risks. In the event of a cave-in or similar occurrence, our liability may exceed our resources, which would have an adverse impact on our company.
Silver prices are highly volatile. If a profitable market does not exist, we may have to cease operations.
The silver exploration and mining industry is highly competitive.
Risks Relating to the Common Stock
The Company s common stock is currently approved for trading on the OTC Bulletin Board, but the Company cannot ensure that a liquid trading market for its shares will be sustained.
Potential future sales under Rule 144 may depress the market price for the common stock.
The Company s common stock is currently deemed a penny stock , which may make it more difficult for investors to sell their shares.
Full 10-K form ▸
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