RE:RE:On the bright sideNotes,
I don't think the 10 million is anywhere close to gone, they are burning about 10 million a year and they had 3.5 million at the end of September before they closed the last 10 million. If you go to Sedar it's all there in the MD&A. With the warrants in this newest financing included along with the estimated 17 million we have 12 million from the placement and 16 million from warrants for 31 million which would get us through the next 3 years.
These guys won't be building this mine as it will get bought by a super major as it is the kind of deposit that is exceedingly rare and wonderful. Managements collapse to sell this many shares is a major diapointment but there is still huge upside and there is no chance they will be going for money for a long time so the vultures are gone. The should have done this at 70 cents a long time ago or 2 dollars so they could ride out the storm. But hindsights 20/20. Also I think there is twice the deposit (40 million ounces) in this elephant so if that was true and we showed that with some more drilling than we would get our money back in spades.
Hope that helps.