$10Mill raised, half spent already!Since the nearly ten million dollars raised less than a year ago the latest filings reveal that there is probably less than half that remaining.
Nearly a million a year in general and administrative costs are reportedly being spent with in excess of $200,000 going directly the president.
How is it that we shareholders are required to reward a person for leading this company to a fifteen cents bid from a sixty cent ipo?
Results from mining operations are clearly a failure.
Marketing and promotion is virtually nonexistent.
.15cents bid and still no insider buying reported from this group of highly paid management.
Tragic.