Funding, page-13

Hi behanj,
300g/t is phenomenal but 1,240g/t Au is better, see picture below


The main reason back then was money , the company  had a deal with RMB for finance but RMB wanted further drilling at Cononish so the drilling was carried out and the resource was increased . RMB loaned the company money to carry out the drilling and just as the company was going to raise the rest of the required funding gold dropped $ 300 in a matter of days and funding became an issue as did servicing the loan interest .

Sron Garbh ; as below
Drilling has intersected highly anomalous grades of Gold, Platinum, Palladium, Copper Nickel and Cobalt, in and close to the '**broic / Appinitic' zone which appears to form an outer annular ring to the complex. Mineralisation of pyrrhotite, minor chalcopyrite and pentlandite is seen to be contained in 'sulphide blebs' in a 'leopard rock' textured zone. (See Figures 4 and 5 available at www.scotgoldresources.com under ASX releases).
These characteristics are diagnostic of the world - wide 'magmatic Cu - Ni - PGE - Au' group of deposits associated with mafic / ultramafic intrusives such as Aguablanca in Spain, certain parts of the Sudbury mines in Ontario, Canada; Voisey's Bay in Labrador Canada and Lac des Isles in Quebec, Canada. Such deposits occur as sulphide concentrations (massive through to disseminated sulphides) associated with a variety of mafic and ultramafic magmatic rocks.
In addition to the Cu - Ni PGE Au mineralization associated with the **broic / appinitic rim, a separate low grade but wide zone of gold mineralisation occurs associated with quartz veinlets in the 'iron rich' dioritic core of the complex. This mineralisation possibly represents a later or earlier phase to the intrusion which in its own right, warrants further follow up.
The complex has currently observed maximum dimensions of around 210m (N-S) and 180m (W-E) (refer to Figure 2 available at www.scotgoldresources.com under ASX releases) although not all contacts are fully exposed and appears to dipping semi vertically through the surrounding host sequences.

New management , back in feb 2013 Nat le Roux ( NLR ) became involved and things started to change as he was not afraid to put his money where his mouth was  , the old management had done well but with the lack of funds they always had one hand tied behind their back .
NLR became chairman and Richard Grey became CEO replacing Chris Sangster who done well getting Planning permission in the National Park ( something which will stand us as a blue print for mining anywhere ) Chris Sangster's was retained as a Non Executive as his local knowledge and local connections are second to none , John Bentley retired and Richard Harris became Non Executive in AUS.

Since Feb 2014 lots of progress has been made :
The RMB debt was paid off mainly by NLR
24/6 Processing was allowed by the National Park , previously 16/6
Most Planning conditions have been met with a few exceptions notably the bond required
The resource was increased substantially (201 % )
The production costs where reduced  to £327
The grade was increased to 11g/t Au
The start up capital was reduced to £18.5m
The LOM was increased with a very realistic chance of several additional years  
A deal was done with NLR & Co to have first refusal on the 25% gold which will be produced on site ( Scottish gold ), a 10% premium on spot POG will be paid and Scotgold will retain 40% of the company marketing the Scottish Gold
The level of local support is unparalleled and the National  Park are already resigned to granting LOM extension "
Government grants are available , notably £ 600,000 employment grant .
Structural Geology Survey expected imminently

News on funding could come very soon, NLR is well connected and came in to this with a clear plan which is being very well implemented , he has taking his holding from an initial 7% to over 40 %  .