Quite interesting your comments about the permit. It is not unusual for any mining company to have various issues involving permits , and most people who invest in junior mining stocks are quite well aware permitting delays occur beyond the control of the company- though experienced mining executives will take this into account when giving projections.As an investor what I find it more interesting is it will require funds to meet the permit requirements, and some time, thus trying to tie in even in the best case scenario how will management meet September/October start date.
I am learning a lot on this board, when I ask such questions seems supporters of stock instantly get defensive and list all sorts of reasons why the company shouldn't be expected to present a credible story to investors. Or that cant release forward looking statements, except simply to say they will produce,have revenue and a gross margin forecast- selective forward looking statements seems the policy.
Company has continued to go through a permitting process,they are financing company only way they can ( through convertibles)and there are many many junior mining companies hanging on by a thread both in Canada and USA . As far as CFO concerned like anyone he is trying to make a living. Here is a company which ended on last 10q with under $5,000 in the bank - that there is a chance they may keep control of mill, have some mining properties, and may produce in 2013/2014 , one has to give credit to CFO fur survival of this company. I agree there are many questions unanswered questions that could very easily be cleared up,but isnt calling this a scam a bit harsh ?However, again I am new to this board so perhaps there is some history to this company I dont know
