Time is money. A JV partner is not going to spend their money on an empty mine. If the mine is not empty then you can show a resource estimate.
These statements are not necessarily factual but the opposite is not factual at all either. Without those facts nobody is investing money(time) into a JV.
When PL has a resource estimate he can find funding based against the asset. Without it he can only fund with shares and the VCs own all of them.
Easy to say never when something is never going to happen.
PL doesn't need a JV or $150K he needs $2M inn a lump so he can pay off the VCs.
THAT is when he will have shares that can be borrowed against. That is when he can begin to operate again.
IMO there wont be a 10k filing or extension today. We wont get the 10k and the company will fall a notch to a yield sign and be a pink sheet lacking current info.
PL doesn't want to waste his money filing on a dead company
News 
Market Data 
Discover 
