jimbo, I have complained long and hard about the firms's IR.  They should really take a look at UURAF operates.  Light years more transarency....  

I have decided that we won't get the PFS.  It probably wasn't done to a high standard... otherwise, we would have gotten it.  I think that it is a problem of language barrier and the doument should have had multiple inputs from different sources and assembled in English.  I don't know if there are really a lot of organizations over there that are capable of doing a really good job.  Now we are trying to negotiate a contract for the BFS.  I am clueless what we are showing potential investors... it is hard to imagine that we would get a big commitment without something more than a slide presentation.  If a BFS is a year away, then there won't be a financing agreement soon, at least not from a private source.  Who knows what theRussians would want to see... if they are even interested in the site.  Anyone else would want to see some formal documentation.

I think the next important announcement will be a more definitive confirmation of the validity of our mine license. It is, of course, game over if not confirmed.  Then I think you will see some additional financing needed to keep the company going until a big financing deal can be worked out.  Part of the licensing agreement might include milestones that also increase or speed up the need for additional funding.  Beyond these matters, I am clueless as you.  The BFS will probably not be done until late in the year at the earliest, so I wouldn't hold my breath for that deep pocket deal.  I am not sure how the company gets that interim financing... equity financing would be enormously diluting at this SP.  They couldn't get commercial loans, I don't think.  

As far as firing the CEO, I don't know.  We have this high powered board and advisers.  It isn't at all apparent what they are doing for us.  It seems like the company has 3 employees - CEO, David, and a receptionist... and there are reportedly workers at the the mine site.  I don't know how many are full time vs temporary contract labor, or whatever.  Some posters see this low overhead as a plus, but again... check out UCore.  They don't have a big staff... they have a burn rate that is low... and they are putting out quality stuff.  Stans, not much... The problem for any organization is transitions that are important.  We need some high powered expertise in financing... some high powered political support in Kryz... some great engineering expertise to supervise site activity.  I am pretty sure that a CEO can't do it all, but he is responsible for it all.  I am not sure we have the right guy either.  We'll see.  He shouldn't have to do it all...

erryl