It's not hard to work out things are bad when they keep burning through cash as quickly as they have. If you want to ignore that fine but it's the most important part, cash, and they don't have much. All very well using the Mill etc as an excuse but that is an integral part of it. Mining isn't done on paper and BFS, that's why so many have gone broke.
Everyone needs to understand that Mining is not like manufacturing. If you are manufacturing and you lose money for a while you can turn things around and become profitable. In mining you are actually depleting a resource so why mine it while losing money or breaking even. Lucky they have smarter people than me to work those things out.
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