RE: Share Consolidation The main option has been to self finance by borrowing against the M&I ounces and starting to mine. If you go to the Scorpio minerals web site you can see that is what they have done very successfully. We now have a 43-101 and so we know where some of the gold is.
We are talking 20 million dollars which given what we have is not too much money. We do need a mill however or make arrangements to use anothet mill. My understanding is that all mills are busy.
Management will attempt to move things forward with a minimum amount of dilution but no guarantees. If we get the money from the government that should give us sufficient funds to add a few million ounces and get the PEA completed. It is always possible a buy out will follow. Either way, the share price will increase from here.