RE:26 million shares
correct me if I'm wrong cost of production is in somewhere in mid 800s. These guys are already a producer and producing over 20,000 ounces per quarter. They are working to increase these numbers and looking for ways to be more cost effective. Granted they can't control the price of gold but the worst case for the (T.BAA) sp is that it will limbo at between 8-10 c for couple of years and then gets demoted to tsx V and does not trade for days (very unlikely) and debt keeps knocking and gets picked up by giants like Barrick or Kinross etc. Or worst, geopolitical challenge take them off the map. I'm very interest in this play simply because they have flow of revenue and it's a healthy figure. They are fully operational company. I'm on the side line waiting for a green light.