Thanks for pointing that out about the funding source,though I admit at least to me terms do not seem clear about future funding.
As far as start up costs there will be some, and working capital will be needed. They will need to buy supplies, some equipment ( especially if they project expanding capacity), workers need to be hired,preparatin for safety checks,arrangements for payment for processed ore etc etc. As we are almost at mid-month, for an August start-up date that means about 6 1/2 months.Since no reserves established one would assume some work to block out ore for processing ore. Mill will need to be turned over before processing starts so I woudl assume personnel to operate mill would need to be hired at least a month before- and that means some sort of time to find,evaluate and hire qualified workers.All I am saying is that funding will be required - my rough guess up to $1 million but of coruse management will at some point make aprojecton and timetable. Since they are quite creative in investor relations, one can only assume there has been no announcement because there are a few unresolved issues.
Having said that once they can announce a clear timetable for production stock should do very well !
$9 million in orders, were terms disclosed ? Are these firm orders or expressions of interest ?
Sorry for all the questions I am new to this stock.
