Actually, the old work done was rather basic.... and they, including the new mining guy, did very little.
So, given that few if any new small projects are underway in this depressed market, I doubt these guys have a chance of making a go of it. I also think, iirc correctly, the expected grades are probably too low for a small operation to be profitable---that's not what Shea said, but I recall the report their guy put out being cautiously stated. Shea also was way too optimistic in estimating the permitting costs or the time frames involved in obtaining them. Searching gitreal's and onemanband's posts from a few months ago will corroroborate this.....
By the way, I doubt any serious accredited investors would consider this. The few that do, prefer to deal with reporting companies, especially those that trade on the TSX Venture, where more experience lies.
As well, the current delays, and the price that went to no bid (didn't it?) signify that dilution is a problem.
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