Ann: Preliminary Pilot Plant Results, page-97

If CEO was serious he wouldn't take 400k per year, every year, for a small mine with zero gold production and zero income.
Plus all the other directors and managers that must be close to 1m per year.
Then they need 1m to 2m to build an actual plant, they will run out of the 3.5m funds way before they can get going.

Their only option now is capital raise or sell the mine or just sell the ore.
Last CR was .06c affectively, I cant see shares now being worth more than .03c to .02c