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Re: Biowise post# 62448

Tuesday, 03/12/2013 10:55:10 AM

Tuesday, March 12, 2013 10:55:10 AM

Post# of 67010
I fully agree that an update is necessary. Getting mill permit without conditions would be great. However idea that banker will lend money to this company is really far-fetched IMO, credit is tight even in normal times for junior mining companies without reserves or cash flow, in particular with this balance sheet. However if they can operate mill at a profit perhaps they can get some sort of factorting or advance payment from sale of product. But lots of things have to happen before first, getting mill permit, re-negotiating liabilities, working capital and any remaining CAPEX, lots of challenges to be sure !

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