The BEST, BEST Case?

1) The judge only lets Relief canyon sell by committee, thus not sold to the first one that can pay the amount owed. Due to the high value of gold, Relief canyon sales for 1.8 million over what Platinum is owed. This will the pay off the priority claims and IRS. This enables cost of restructure to be essentially law/finance/admin fees which still needs to be raised, but now much more likely.

2) All the unsecured creditors decide to take shares in the new company instead of cash. Since they will get nothing if they don't. If they play hardball, then the judge decrees it anyway. The creditors will be paid the amount they are owed in stock (in paper value), but since the stock price of the new company is liquid, it isn't worth the full amount.

3) A DuraRock reverse merge occurs and the new company actually hold on to previous stock holders, though they legally don't have to. They can issue new stock and make the old worthless. Between the creditors and the large shareholders they already have the 50.1% ownership, they don't need the rest of the common share holders and leave us in the cold. But since this is a BEST case scenerio, lets say they hold on to us. The only reason I can see why is to prevent a class action to occur later. If they piss off SHs and leave them dry and are still a company with assets, it will happen. So we will call this prevention.

4) The reverse split, of current common shares, is 10 to 1 with a total of shares in the new company of 128 million. Which makes a dilution to 15%. This is not a best case, this is just a best guess of what I think the dilutution will be.

5) We then all own shares in a junior exploration company instead of an emerging gold producer.

-Y