VT1, also remember that Brent Cook is taking a wait and see approach with Volta; he acknowledges that they have had some good hits, and would like to see some high grade at a satellite to Kiaka central to make the project more economic.  so he has not ruled us out by any means.

With respect to what you say is the biggest risk to Volta right now, you actually have two separate points. 

The first is getting to the end of feasibility with share price still at 50 cents or less.  During the time I have been invested the share price has been all over the place.  Consistency in share price over the weeks, months is not something that can be ascribed to Volta.  Its easy to start thinking that because the shares traded at 48 cents yesterday they will be trading at 48 cents in the third quarter.  The history of Volta share pricing suggests that  eight or nine months from now we could be in an entirely different trading range.   The third quarter is a long way away and much will happen in the world, with the gold sector, and with our company.  The current share price/market capitalization, if taken as a source of information about Kiaka's prospects, suggests that the odds of Kiaka ever becoming a mine are virtually nil.  So your pessimism is consistent with the market share price.  Rick Rule, who happens to be Brent Cook's protege, has cautioned against using market share price to inform you about a company's prospects.  According to him the market is only a vehicle for buying and selling shares and you need to assess the company's value independently of what shares happen to be trading at on any given day.

The second issue is "having no good financing options".  That is a legitimate risk.  The capex of 609 million to develop all of |Kiaka at once is huge even for these guys who are accustomed to working with big numbers.  But so is the NPV of Kiaka; at today's POG the NPV is well over a billion.  And take a look at the capex for Essakane when it was developed;  I do not have the precise figure hand;  it was a little less than 609 but not a whole lot, and that was at a time when the price of gold was much lower, and when it was developed it was historically the biggest investment in a mine ever in Burkina Faso - in other words there was no precedent at the time.  It has been a great success.  Surely, when financiers or the majors are looking at Kiaka they will also have in mind the success that Essakane has become, notwithstanding the significant capex required for both.