So I ask you Island...if it was your company alone to make these decisions...where would you put the money first given the following set of circumstances:
1. You have legal teams for both civil and criminal cases that you are in the middle of in Chile...they need to be paid, and MSX and Jorge need the cases to conclude, so they can get things going there. How much do they need? Let's venture a quess and say somewhere between a quarter of a million and half a million dollars.
2. You have Juneau to develop, and you need to raise how much to get it into production...let's say upwards of three quarters of a million to a million dollars.
3. You want to hire a PR firm...you are going to put them on a retainer...for what ...let's say $5.0 a month...not a big cost, but on top of that you must pay for what they do....so let's add another $60.0 on for starters.
4. Let's not forget that there have been legal costs here and in the U.S. as well as just the costs of running the business.
Oh....I forgot to mention...it is a very difficult market for the juniors to raise investment money. So you are having trouble raising the financing...you have been able to raise what you did on the last private placement...and you have a deadline on an option coming due too.
So let me ask you...where are you going to put the funds you have raised?
What all of us need to do is find the investment capital from new investors so that all of the above can be done.
I don't disagree that it all needs to be done...but when you have limited capital you have to make the best decisions at the time for what is the most urgent need.
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