They haven't got an open pit mine running yet.
But they want to re-open a narrow vein mine which was almost bankrupt and closed down by the state of Colorado earlier this year because of pollution and illegal mining.
http://www.mancostimes.com/article/20130718/NEWS01/130719823/State-shuts-Red-Arrow-Mine-
I wonder if the New York hedge fund that promised to inject $25m (according to the CEO) was Platinum?
http://www.denverpost.com/ci_23635782/danger-at-mancos-gold-mining-operation-downplayed-by
"Liukko said he is in the process of filing a lawsuit against a New York hedge fund that had promised to invest $25 million in Red Arrow but paid him "only a fraction of that."
"We still believe there is a very rich deposit there," Liukko said.
Records found by inspectors in a Red Arrow building showed that the mine in recent times had been producing one to two ounces of gold per day."
Sentiment should read "Abandon ship!"
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They haven't got an open pit mine running yet.But they want to...
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