If you take $47 mill. in mineral reserves less $17 mill. in accum. depletion you have $30 mill.
If you look at their old fin. stmt. press releases (like for 2005) you will find that they state that is not their cost, but 10% of mineral reserves (future profit). I am accountant, that is totally against the rules.
I was not going to pay a lawyer per hour, but on a contingency fee basis. It won't cost me a cent. There are many who specialize in this thing.
And you say, maybe they won't pay themselves the $6 mill. dividend, in other words, give us shareholders a gift out of their pockets into ours after they have just robbed us blind.
Even if they don't pay it out now to save cash, it will still be owed in the future when they become more profitable, so it is still a liability.
