No that wont be feasible. Forgetting the fact they dont own the mines yet, even if they did there is no bank in North America I am aware of that would give this company a loan on these properties.
First, most bank debt financing for mining companies is provided by highly-specialised departments that require a feasibility or at least pre-feasibility study. For junior mining companies all types of financing difficult to come buy- over 600 companies on Vancouver venture-exchaneg face de-listing this year.
Second, the properties discussed certainly do have some underground workings and some historical data- but they are some years away from production for a variety of reasons, whether 5, 10 or even 15 years I dont know,but certainly several years at best. And that requires several million dollars at least in exploration and development work.
The mill getting a permit sounds nice and certainly is positive- but simply they have no mill feed as far as we know.
Third, this CFO has lost credibility with the press releases he put out this year.No serious mining finance whether from bank or brokerage house would consider this company.
