What is going on, page-7

Yeah of course people who don't own shares will likely talk it down. I personally don't see the company being in a worse position than say 6 months ago. Unless..

Another production issue. They said previously about 3 months ago they have enough feed material to last for another 12 months of production. The facility has been fixed and is pumping through at above nameplate. Copper prices have bounced between 3-3.15 usd a pound. The only issue is what happens if June approaches and the deadline for the short term extension of debt comes up. Will the lenders pull it when they are also going to hurt themselves?

Maybe if the facility is not producing a profit after interest then they will be more likely to cut their losses. If it has made some profit and I am not talking about needing ten's of millions of profit. A few million or more would be enough. Then I think lenders will be much less likely to pull out. Why would they? They have insane interest rates on their loans where they would be very unlikely to get anywhere else.

There is obviously issues with the purchase from the Shenzhen company. 1 may be that the Chinese company cannot get the cash out of the country as there are very strict restrictions by the government.

So if the lenders don't pull out in June what happens next? Well most likely is that the company will be back on the market looking for a potential buyer and in the mean time it will finance what money it has to keep operations going. If it makes a profit after interest repayments then that money can start to be used towards mining the top soil and actually getting to the ore body like they originally intended to do. The past 3 months they surely was able to get a price of over 3 dollars per pound and I am expecting it to be between 3.05-3.10. If again production increased compared to the last quarter they must have made a profit.