One must wonder at the audacity of Emgold Mining Co. For almost four years, Canadian-based Emgold has been struggling to get funding in order to move forward with the Idaho-Maryland Mine project, but now the city of Grass Valley has canceled its project application. The project was started in 2005. Emgold’s response is that “they are in a holding pattern until the markets recover” and that mining funding has gotten difficult over the last 18 months. Is a difficult market the real problem, or is this more Emgold spin? Over three years ago, Emgold announced that it was seriously seeking …