SoxFan,
"They have virtually zip for a credit line and need to generate cash by selling stock."
Most start Ups are like that.
"They have had at least two exploratory drillings that do not appear to have panned out."
This is not a deposit that lends itself to exploratory drilling to determine "pan out!" In fact it was lucky that they only drilled two wells as any more would have been a waste of time and money. As I said, this one is different than most "normal" gold adventures. It is not a hard rock mine. To really know whether or not to invest, do not look at the financials, but look at the type of deposit they have and how they expect (already proceeding with a trial system) to extract the gold. They have really come up with an innovative method of extracting fine gold that never before has been possible. If it works, this mine will make investors money. If not, well the alternative is possible. If you do not want to invest---that is fine. There are a lot of us that do.
Terry
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