RE:Market cap currently $2.1mil.Tom, they have 2 properties in Greece waiting for permits. Skouries and Panama Hill. The other mine is Stratoni which is winding down. The Greek government must have a reason(s) for not issuing the permits. I haven't heard any reasons given except for an anti-mine news article that said the disagreement is related to smealting the ore in Greece instead of shipping it to another country. Management is implying that they don't know what issue(s) the Greek government wants to take to arbitration. That doesn't seem logical to me. They must be having some discussions at high-levels. IMO, management is keeping us in the dark for some unknown reason. If they have to build a refinery to process Skouries ore then maybe the project is not profitable. I'm just guessing, but I shouldn't have to guess. Management might be trying to negotiate a settlement and not want to discuss the issue because it complicates negotiations, but keeping the market in the dark is not helping.
Start of production at Skouries and Panama Hill keeps slipping which means a gap in revenues will occur in 2019 and 2020. I believe they bought Integra to fill that gap. PFS in January 2018 with production starting before the end of 2018. Target will be 200,000 ounces per year with ramp up to 300,000 by 2021. Skouries should be in production by 2021 if they get permits. If not, then management will write off Greece and sue in court for the investment.