My two cents- first cease and desist order to me a non issue, i.e. they simply have to meed the conditions attached to the permit granting, and while i have doubts that this can be done for no money and by september, nothing seems to indicate they wont eventually get a permit. since i think gold going higher, the area has history of gold production,and they control a mill i feel this is a reasonable speculation.
As far as the metal in the ground simply this isnt a way to value a company unless more information avalable. While there probably is mineable ore in the nearby mines and at this price of gold probably can be mined at a profit, which for a stock under $.02 is probably enough to make a small speculaton on. The very type of information they release is the issue, very selective and limited. If the profit would only be $60 million and takes $20 million to realize that obviously a different picture !
As long as there is volume there will be people willing to issue convertible funding one would think, I would find it more interesting what type of investment they made- if a private placement IMO that would be VERY good news.
