Just what would they use for money in order to build the mines?

They already have 360 million shares issued, and more fully diluted. The cash they got from Peter Hambro has all sorts of strings attached. They trade fewer shares a day that GRZ (and that's dammed few) on the Venture exchange and are currently at 80 cents Canadian ( 76 cents US).

They would give 50% of the mines away to the CVG (who have no money and don't seem inclined to spend any on mining).

They need a cool 1 billion USD to build the mines and start production, and if they don't buy the drilling data and engineering from the present owners they would have to start again from scratch. That's another $300 to $500 million and at least 3 years before they could even think about building a mine.

LC and LB are not like the small tonnage, high grade underground mines that they got from Hecla. With high grades you can truck ore to a single mill and use small contractors and local miners to add to your mill throughput.

LC and LB need mining rates and processing of tens of thousands of tons of low grade ore a day. No pick and shovel stuff there, and no way the bootstrap the mine up by starting small and growing from cash flow. They need to start big and get bigger otherwise they will simply lose money.

Maybe Rusoro could find Russian money to back them, but they certainly won't get what they need anywhere else.