I think the gold mining projects have pretty much been abandoned. If I'm wrong, why haven't they indicated their intentions?
The short of it is: too many shares, too little value in the company to warrant any price of significance in those shares, too little prospect of a turnaround to even think there might be good value down the road.
The only option they realistically have is a share consolidation (maybe 80 to 1? - watch it plummet further! Yes, kids, you too can lose money on shares currently valued at 0.001!) combined with a serious indication that the company has a plan to turn its fortunes around. The two have to go together; one without the other won't really help the shareholders much.
Right now, this company looks like little better than a zombie.
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