Keep in mind at early 2012 this article stated their intentions to be up and running end of 2012. Sure, the finance plays a part, but if you think about it - permit approvals, DFS studies etc, these were all more controllable and accountable by the company: obviously their estimates/timeframes were etiher over-ambitious or they just blatanly oversold the story.
Whatever it is you can easily compare the difference when these have all been released i.e. we are still waiting for one last permit now, regardless of when finance actually comes in.
If these had all come in by 3Q2012 and finance was still unavailable I can see the FC factor.... my 2 cents at least.
mutiny gold - looking forward, page-48
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