Interesting this issue of borrowed money- certainly a bank loan cheaper than the discounts to be paid on convertible debt. On the other hand usually mining companies only get bank loans with a bankable feasibility report, or on-going cash flow.
Why do you say management poor ? The president seems to have experience if nothing else. It seems CFO running company and he has been successful in keeping doors open, bring in over $400,000 in cash and get some permits handled, and extremely creative in marketing the company in a tough environment for junior mining companies. I admit I am new to this stock but it seems CFO met his own objectives, am I wrong ? Seems betting on the CFO getting himself paid, and rising gold price good reasons to speculate on this stock no ? I would assume the projecton was done by the CFO not the president unless someone knows differently.
News 
Market Data 
Discover 
