You're all talking like you're bankers which you're not. There is only one reason why anyone lends money and thats to make money, simple as that. Yes Claude has been a dog for a while but I would sure as heck fund it before an exploration play. Dec is obviously not a production miner, accidents like you describe are extremely rare and would not be weighted enough to come into play. Possibly this is the best way for a change in management from a mining perspective? I've said it before, they really screwed up the Madsen play by trying to mine on their own when the HG zone was being developed. You can't see the contacts at MAdsen and dilution killed them as well as not havin a proper team in place. They went cheap and got burned.
To even imply walking from Mdsen is ridiculous and shows your lack of knowledge. Banks are buying physical gold, not companies, when that is all gone (real soon) then producers will be next on the list with pure exploration plays a thing of the past. I love this SP and hope it drifts even lower but based on assets its more than undervalued. I personally will play this for 10% gains until it breaks out again. An incredible opportunity regardless of what any of us think about the company.............................just wished I could buy it, "one mine" and all. LOL