Take the Iron which will recover 56-60% then sold less then market value. Then the other metals recover 75% less total production cost , overhead , etc, then sold less then market value. all those figures divided 400m shares. and then the buyer will pay 25% for that figure. They have to make a return on there investment.
Then biggest cost will being buying new equipment.
This is just for Krong.
There is no guarantee the metals will be recovered at the 75% rate and may be less.
As for the Aurus other properties I see no 43-101. Everything is based on their word in PR's. As for Z-prom, they are looking for someone to process there tailing also.
if they would file all forms require by SEC and up list to the American Stock Exchange they would be able to borrow majority of the money they need I their PR's were true.
I think they(BOD) will not do this is because they know the company is worth around .38 to .55 cents. per a Russian investment co. If it was a real bid.
No buyout at .55, no word in buyout in Feb. unable to sell Bonds you figure it out.
The Russian government is taking over some oil companies, will the government take back their precious metal leases??
They big question what is the real reason no meaningful PR's , because there is none.
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