Where does anyone get the idea that RMK will default,,,,they turned this company around.

Anyone that questions RMK viability at this junction is just bashing in my opinion. Plain and simple!!!

This is the same management that kept the company afloat when gold was selling for 300.00 an ounce.

They have since built a mill,,,permitted the mill,,,,digitized the Northern Empire mine,,,,signed a JV with Premier Gold,,,,have clear title to the best properties in the Geraldton/Beardmore Camps,,,and control 45% of the stock.

They CAN NOT BE BOUGHT OUT !

When they come out with 43-101 which will be at least 1 years of production,,,they will be able to finance through forward hedging if they absolutely have to raise 10 million cash.

It's just not an issue,,,

250 tpd mill and at a grade of .35 ounce per ton,,,with a cost under 95.00 per ton to mine the ore because of the high grade,,,you have a profit of at least 700.00 an ounce.

250 x .35 = 87.5 ounces of gold produced per day,,,,

Lets be conservative and say we average 75 ounces a day and profit of 400 an ounce.

75(opd) x 7(days per week) = 525 ounces per week x 4 = 2100 ounces per month x 400 (profit) = 840,000 profit per month

So you have a very conservative profit of 840,000 per month and thats at a POG of 500.00

Move the POG up to 800,,,,and raise the cost to 200.00 per ton cost to mine(which is still way too high because the average cost I have seen for comparable mines was in the 90.00 range per ton) 600 x 2100 = 1.25 million profit per month

Financing the 12 million just is not an issue,,,not with what WE KNOW WE HAVE

And all of this is still just to mine the gold,,,,we have the Moly also plus we have the future results coming from PG's current drill program