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- 7 February 2006
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Some random notes -
The last qtr produced approx 10koz - can we assume at minimum they can produce 40koz per year at least?(if when they start to produce).
= 40k X 650 less 40k X 250 = $16mil cash per year min, (conservative figures for pog and costs).
Can/will they start producing by the time the cash runs out in 2008?
Looks like the geologist has been shown the door, and a 'don't come back' miners boot up the ar!e farewell
Today looks like capitulation day, barring further pog 'corrections'. It appears all the facts are on the table now, so people can do the sums and decide whether this is still a promising major or a 50k per year junior.
You have to give them credit for one thing, and that's the excellent money raising skills, even duping some of the best in business.
We will have to wait for the 'ceasing to be substantial shareholder' notices in the weeks ahead to see who still shares the vision.
The last qtr produced approx 10koz - can we assume at minimum they can produce 40koz per year at least?(if when they start to produce).
= 40k X 650 less 40k X 250 = $16mil cash per year min, (conservative figures for pog and costs).
Can/will they start producing by the time the cash runs out in 2008?
Looks like the geologist has been shown the door, and a 'don't come back' miners boot up the ar!e farewell
Today looks like capitulation day, barring further pog 'corrections'. It appears all the facts are on the table now, so people can do the sums and decide whether this is still a promising major or a 50k per year junior.
You have to give them credit for one thing, and that's the excellent money raising skills, even duping some of the best in business.
We will have to wait for the 'ceasing to be substantial shareholder' notices in the weeks ahead to see who still shares the vision.