I looked into the financials a little more and the concerns I have had for a while have become yellow flags. Sorry guys but I think with about 60 million in debt, a company this size is unlikely to survive. Comments on other boards suggest a take over by Jilin Jien is even more likely and sooner. Perhaps, but the Chinese are patient so I think the end of the year or May 2011 at the latest.

It’s too bad because the properties are decent enough albeit a little on the small size. It’s really quite a shame. With that 2000 t/day mill I wonder if they will be looking for more ore down the road. ISM has Langmuir 1 which is essentially turn-key is just waiting to be re-entered. Langmuir 2 North zone needs more drilling and has not proven itself yet.

Cheers

ebf