Mining Company research board

[1manband]

And they will be SEC reporting by mid January at the latest

No, that is not how it works.

Even if the audits were complete, the registration were drafted and they filed it tomorrow, (a Form 10, for example), the SEC review process would be, on average, 3-6 months. Months, not weeks. The SEC makes Companies work for it - they just don't hand out a free pass to registration once a non-reporting pink sheet company gets an annual audit, which is why being fully reporting actually has significant meaning. The Form 10, if not withdrawn, wouldn't even become automatically effective for 60 days, and the SEC comment period could, and almost certainly would, extend beyond that. SEC reporting by mid-January? I think not.

Almost every non-SEC reporting pink sheet company claims it will, at some point, become registered with the SEC, but very few do. They make that claim because investors (rightfully) hold SEC reporting companies in much higher regard than non-SEC reporting companies, most of which are scams or trash. Legitimate companies report to the SEC, and those that are not, don't. Many non-reporting companies are not reporting because they don't want SEC scrutiny - it is much easier to lie, cheat and steal when they are dark and don't have to submit anything to review by auditors and regulators. And, some simply cannot meet the reporting requirements for various reasons. It remains to be seen in which category URHG falls into.

And, I believe I answered your question about producing juniors. No legitimate public company operates a placer mine - with the additional costs of public company compliance, even for a non-reporting pink sheet company, the numbers just don't make sense.