Well Gitreal, you might need more than being brave.
I sort of see them painting theyselves in a type of corner. They claim to be processing 240 pounds of slag in one of these test runs. How long does that take??? At some point they should have produced some amount of real gold. How many of these test runs do you do in a month??? What happens to the gold in solution??? Should be able to generate some type of small revenues.
And where are they getting all this slag. How many tons we talking here?? Are there any holes showing in the piles where somebody has been digging?? After all there should be a consideration how do you get representative samples. Typically this means moving / blending a bit of materials about. Is it legal to disturb the pile???
I think it even could get worse. At what level of production do you have to get to convince some banker to give you many more millions to complete a 200 TPD module. They are calling it a pilot program, shaky choice of words. More like a lab bench type test at best. If the "Process" is so complex and fragile, always that question will it scale up. You can't have it all different ways.
What is the cash burn??? It all makes no sense to me from a business point of view, even less from a technical / engineering view. Plus I see zero reasons for any big secrets. No other slag piles similar laying about, the more disclosure the better. Do they allow visitors, give tours, why not???
I can't say it is a scam in a pure sense but I also got no real explanation for how it could be a real project in any sense of the word. Bottom line you probably need some guy standing there holding a gold bar, even a very tiny one and saying that it comes from their machine. You need something that somebody can go to jail if it eventually proves out to be false.
So even at this SP, I ain't brave. More like get the popcorn and watch the show. At some point in the real World you either get results or fold the tent. About like one of them soap operas. The series of episodes never ends and none of the plots make any sense.
