May 12 Alumina Draw Down Facility The Wessons have already drawn down $270,000 on this agreement and I would hazard a guess to say this amount is to pay themselves, rather than to put it to better use
Benefits to these types of facilities (PIPES) is a lot more complex than meets the eye.
i would suggest you read, DETAILS OF THE ALUMINA FACILITY and you will see how dilutive this is at a share price of 5 cents.
As far as I can tell, this is one of the few gold stocks that have NOT gone up with a gold price of $2,000 per ounce.
This speaks volumes of the Wesson's contribution to the company.