P.S. Operating costs- in addition to costs to maintain reporting status, the company will need some funding to get mill operational. just imagine if they get their permit, and they have a crew of 5 guys. So if including payroll taxes , etc etc each perosn averages $3,500 cost to company, that would be $17,500 a month, times at least 2 months, they need $35,000 , then add utilities, supplies, and any specialised consultants, and they will be needing to continually monitoring recovery rates meaning costs for assays , etc etc etc. So optimistically let us say they need $75,000 to $125,000 to start the mill- and they need some time to work out any bugs before it starts producing revenue.
All I am saying is that realistically company needs to raise money to implement its plan, and in advance of receiving positive cash flow- not unlike any business, and this assuming ( which I think is big assumption) little capital needed to meet [ermit conditions. Then there will be ongoing inspection issues on safety and environmental matters.
I am just giving company benefit of the doubt, and due to lack of information and transparency, try to ball park cash requirements and what resulting share count will be.
This doesnt include cash necessary to re-negotiate property deals and certainly doesnt include exploration costs in the future
