"You do realize MTO is NOT producting yet, if they were they would be called producers and follow the requirements of reporting their expenditures and revenues like real companies have to."

That is only a technicality for financial reporting reason and definition of "commercial production". They obviously are producing and getting cash from gold sales. They had $3 million in gold sales last quarter (that's around 2000 oz). This quarter they could have double that for 4000 oz since they already reported their production of 6157 oz up till Nov.

To say MTO isn't producing when they are already selling gold for cash is total nonsense again.