Yes, that is almost like #1. That would be really really bad.
The upside: If there really is gold in the ground, and the gold spot continues to climb, we could have roaches running the joint and still see the pps go up, eventually.
I know about that fools gold though. While digging a hole in my yard, the little foolsgold covered my shovel, feet and hands. Thoughts of being the Beverly Hillbillies went through my head. Hee hee. Did some research and discovered that the first gold mine and mint in America was in NC. One farmer used the big 17lb gold nugget for a door stop because he didn't know what it was! An enterprising person bought it for $3.50.
At this point it feels like playing a game of chicken with TAOL.
==============================================================
The third outcome:
3. The financials are bad and production has not started.
