Hi ECHO
Yup, that GAs price was about 20% CHEAPER than what it was a few years ago!! This is what I meant by another UK Rip-off (Re Labrodorite's comment about UK/US!
I have a couple of Bob's e-mail's here. Make of it what you will. The first one is from April 2016. It just goes to show how slow they are in getting things done...if at all:
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Dear XXXXX
The company management team that remained has made monthly progress on items that we are putting as critical for the company to move forward.
Those items are being totally funded by personal contributions from management.
As per your email, yes management has invested thousands of dollars of the since 2014. (Yeah, but where?)
Currently, I am in Lovelock working on those items and more, hence my delay in responding to your email.
It has been indispensable that management continued to monthly fund the “Restructuring Operation” and the core operations.
As for length of time of the “Restructuring Operation” that will be determined if and when an outside investor/and/or a joint venture agreement is concluded.
Otherwise, the monthly management contributions which is a slow but steady procedure is the only existing alternative.
An example is our yearly renewal of our business license with the State of Nevada was just renew for 2016-17, cost approximately $1500.
We are working closely with NDEP on our current permit requirements for keeping the Fencemaker Mine in a “stand by status” Operation as well.
This does include regular reports and testing.
The company is also updating our Water Pollution Control Permit with the State of Nevada.
Furthermore, the company has many other monthly requirements that are also being funded.
The company recognize SEC filings are needed, conversely this will require considerable funds to fully complete and will be addressed as quickly as possible. (This implies they are strapped for cash)
Thank you for your email and if you would like to speak to please let me know.
Best Regards,
Bob
Bob Reynolds
FLPC - VP Administration
