Talking On:RedHorizon,
I like the idea of taking some time to report proven resources. Designing your mining plan to all at once please institutions is, IMO, not a very good way to go. Remember, we are living in a world that is revealing the institutions as "banksters." Are you so sure that they want the NI 43-101 for the good of everyone, or are they just trying to create an opportunity for themselves?
Maybe RCT leaders are letting such institutional input have too much of an influence on them. Supposing exploration expenditures were diverted to production expenses and production numbers increased impressively as a result. Your above institutions would be less inclined to invest because there’s not enough progress on a NI 43-101. What about everyone else?
If there are institutions that don’t want to invest in a gold/silver mine whose production numbers are increasing, and whose properties are so ore rich that they don’t have to explore much to turn up a decent grade for milling, then that’s their choice, and they are the ones who will be missing out in sharing the profit generated from such growing operations. (Maybe we ought to rethink our focus a bit ?)
You can make showing a profit your goal, or you can make putting things in order to easily secure a private placement when you run out of funds for drilling your goal. Seems like you’re choosing the latter. Although you need some of both, too much of the latter is, IMO, not a good idea, and I think you might agree with this, hence your desire to see the NI 43-101 accomplished in small chunks over a long term.
The market might not currently be rewarding profitable production operations whose NI 43-101’s are less than what they should be, but that is because the price for the spot PM’s is not that great – yet! When the PM prices hit some of the high numbers being projected, companies who have the metals to sell will be the ones investors flock to. I would prefer RCT to be engaged in maximum production at that time, rather than having accumulated more dilution and greater debt so they can talk about all the proven reserves the have in the ground. JMO.