Ann: Extension of Security Purchase Plan, page-17

I believe this company is non-economic because they have to remove 5 meters of overburden to get to maybe 2 grams a ton of gold-bearing material. But they haven't a serious mill so they only get about 1.5 gpt after gravity feed with their dinky toy. it's OK while the shareholders are paying for it, it's sustainable for them . This set-up would only be economic with reef high-grade gold & the Gekko was never appropriate for a publically listed company as it doesn't have scale & is only suitable for small-scale private mining