You are assuming this company was ever legitimate. I am quite sure it was an insider enrichment scam from Day 1.
It was before guyer got a hold of it, then it was an enrichment scam from his day 1. guyer's first 2 weeks he implemented a stock compensation plan for himself and another partner in crime, fearn or the guy that died.
The mill was working in the early 80's and ran out of ore, like you said before. In that era, the operations older equipment and milling processes started racking up DRMS problems with inspections and such progressing through time until the owner at the time came involved with guyer, who likely early on recognized the huge amount of money and effort it would need to brought up to code and operational, and guyer decided to run it into the ground like a couple of companies he took over in the past. 2 of those went to BK during guyers tenure with huge stock compensation packages and buy outs to guyer.
guyer definitely knows how to play the stock issuance game. guyer just did what he knows, take over shell companies and suck them dry.
Starting from guyers time, this stock never reached better than .02, but guyer and paid promoters diluted the shit out of it till it collapsed. Standard criminal cfo takeover and kill.
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