All this BS and still not profitable? Don't get too excited about all the gold they claim to be sitting on. They have to mine it without going in the hole. But, this inept management is good at BSing.
lester, I am confused as to where you are getting the 85M shares. In January they had approx 162M shares OS and now it is around 180M with the 10M placement and the 9M in the mining agreement. 180M is not a large OS and I am not speaking negatively. Just wanted to make sure you are aware of the OS.
You don't seem to realize that 2 million ounces of the 3 million ounces is Lucerne and that's recently stopped mining - why? Because it doesn't make money!!! The ounces you refer to aren't Reserves. Ounces of gold in the ground are only worth something if you can mine and treat them PROFITABLY. They have mined and treated less than 100,000 ounces over 4-years and lost a lot of money doing so. Your maths are just ridiculous.
News 
Market Data 
Discover 
