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| related topics |
| {cost, contract, operation} |
| {interest, director, officer} |
| {control, financial, internal} |
| {loss, insurance, financial} |
| {personnel, key, retain} |
| {stock, price, operating} |
| {loan, real, estate} |
| {regulation, change, law} |
|
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Risks Related to our Business Activities
Our financial condition raises substantial doubt about our ability to continue as a going concern.
Because our properties or claims may never have reserves or be profitable, your investment in our common shares may be negatively impacted.
Because we are an exploration stage company, we have no mining operations, and our future operations are subject to substantial risks, we may never be successful in conducting any future mining operations.
We lack an operating history in our current business plan and we have losses, which make it difficult for you to evaluate whether we will be able to continue our operations or ever be profitable.
Our management has conflicts of interest that may favor the interests of our management, but to the detriment of our minority shareholders interests.
The services of our President and Chief Executive Officer, Executive Vice President/Chief Financial Officer, Consulting Geologist, and our Vice President of Administration and Logistics, are essential to the success of our business; the loss of any of these personnel will adversely affect our business.
We may be denied the government licenses and permits or otherwise fail to comply with federal and state requirements for our exploration activities.
We do not carry any property or casualty insurance and do not intend to carry such insurance in the near future which may expose us to liabilities that will negatively affect our financial condition.
If we fail to make pay $7,990,000 for our purchase of the Langtry property, we will lose our right to purchase the Langtry property.
Our management devotes less than full time to our business, which may negatively impact our operations and/or reduce our revenues.
Full 10-K form ▸
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