So,April 1st to June 1st before all conditions removed, and based on your posts all just paperwork- i.e. no funds for any construction etc.
You are very optimistic that experienced mill personnel can be found so easily- high commodity prices the last few years generally has created a situaton that experienced personnel are generally working , in Nevada or wherever, but let us hope you are correct that qualified experienced people are just waiting for this particular mill to go into operation.I would have guessed it would have taken at least two months to hire necessary personnel,and of course with no money company cant start hiring process.
They will also need to order mill supplies,and presumably need a few weeks to turn over mill and work out any start up issues.
To start production this assumes of course that the $9 million in orders represents ore that is ready to be delivered immediately to mlll.
So if they do not receive final permission until June 1,and if they need at best 1 month to get supplies, hire personnel, and then a month to turn over mill and work out any startup issues, that takes it to end of July.This also assumes they pass any inspections during this period, and of course solve their funding problem. This requires believing a bank will lend to them, or that a stock with a DTC chill and trading under $.05 can do a private placement easily and in a timely fashion.
I for one would be much more cofortable if they could do another convertible financing now so at least we know they have some access to funds to provide for this positive scenario.
