RE: OK...Financials look good as of 1/31/12 Nice work. Your inquiry made me go and look so I thank you for that.
The company is required to file quarterly so we should be able to see the April 30th quarter end by early July if we use Janaury as a guide.
I still think (for what that is worth) that the $1.1 million of stock based compensation was issued to Kemetco. If I'm right, we should know via the next quarter's filing because they would have issued more options to them for the battery analysis.
I'm as anxious as everyone else on this board for the PFS to be released. I'm getting to the point where if it's a failure or not nearly as robust as we all think, I can at least move on to something else. I don't think that the PFS will say the process doesn't work. What my fear is is that the capital costs have gone up greatly and/or the operating costs per pound have risen. I think a $.90 per lb. cost makes the financing of the mine much more difficult, simply by making the margin for error vs. the market price per pound tighter.
Paul