Just read FINANCIALS!!!! To be fair, after just digging through the financials there are two sides to this argument. This may be the problem. The land package is impressive, but can it be maintained. This may be why it is trading at only 7 cents. Would honestly feel much better about the situation if the mandatory expenditures dates weren't coming up so soon. It would also be helpful to know just who exactly provided the 5 million dollar loan. Has anyone been able to figure this out. All just my opinion.
The minimum work expenditures related to each of the new licenses,
as at September 30, 2011 on each PPL and PRL are:
PPL#
Minimum
Expenditures (in
USD)
Date Required for
Minimum
Expenditures
PRL 13 $ 1,000,000 January 27, 2012
PPL 319 $ 12,000,000 November 20, 2012
PPL 320 $ 12,000,000 November 20, 2012
PPL 321 $ 12,000,000 November 20, 2012
PPL 322 $ 12,000,000 November 20, 2012
$ 49,000,000