RE: RE: Summary for new investorsRY:
I'm not sure if Empire is affiliated with Mark Cernovitch but I have met Mark in person. I think that both he and Empire are credible.
I have to tell you right now that the company might do another financing since they want to increase production rapidly to get some economies of scale. They are producing gold at $600 cash cost and they know that is much less than ideal for a high grade vein system. I think they would like to use the full 550tpd capacity they already have. In order to get there they will need more $. The good news is that should bring production up to 55,000 ounces per year, if all goes well.
RCT has basically made a new gold and silver discovery IMO, consequently they have a a lot of development costs right now in addition to regular operating costs.