1) You do not know that SUGO will be unable to get a permit. 2) The other companies have nothing to do with SUGO, OK, they may have decided at the time it was in THEIR best interest, for whatever reason to move on, but that has NO BEARING on what will happen with SUGO in the future.
CAT again this you make statements that have no basis.
You state "Different companies have owned the CM claims for years and all they have done is passed on trying to get the mining permits."
If this were the case how was it drilled? Another question to answer.... It was drilled because companies received permits, built roads and drilled holes. Newmont even drilled when it was a WSA as did Asamera. Timberline left because they wanted the underlying owners to defer payments owed to them while the permitting process was ongoing and the owners said no. To state that permits can not be had has no basis in fact. To state it will take time to obtain permits is probably a much more accurate statement. Just don't throw stuff out there that has no basis in fact. This area is open to mineral location so it will be open to permitting.
As to the value of the company, to me it is simple # of shares x share price = value of company. Also profit from a mining operation has little to do with corporate debt. If there is a positive cash flow from a mine it is a profit center for the company.
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