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The Company is engaged in the exploration and development of mineral properties located in Pima County, Arizona and White Pine County, Nevada.
A mineral company that is not making money isn't likely to do well in the collapse of commodity prices.
The Air Quality Permit was denied by Pima County and the appeal was in favor of Pima County. AZC has no infrastructure, no mining experience, $42M appprox. loan due to Red Kite Hedgefund in April 2012. Refinancing is uncertain. Heavy opposition. This potential development will be tied up in the courts for years. In this economy, I've sold and am investing in solid mining companies that pay dividends.
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