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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: Anchan who wrote (24082)11/1/2006 4:58:09 PM
From: jackjc  Read Replies (1) of 78419
 
MMGG mine timing:

The economics, including actual reserves, mining cost and
capex will be known in as little as 3 months with the mine
plan completion. Refining costs need the full fease but they
are well known in general.

The full fease may well take another 12 mo but could be less.
GTI had other projects being finished up but is now full bore
on this project. But that is the engineering fease. The banks
do the bankable fease.

You don't wait for fease completion and then start financing
negotiations for a project this size, you have to have sources
brought on board early so they can get all necessary info from
their bank viewpoint. MMGG is doing this and should have financing
arranged successfully right after fease wrapup with a good
choice of options as they will be in the zinc catbird seat and
a very hot one by this time next yr with users being rationed
by the mkt lack of supply. ( per RBC, UBC, Standard Bank
metals reports).

Mine and refinery construction: 2 to 3 yrs.

Good idea to have plenty other near term exp-developers as
you say. So many things can chip away and delay a project like this.

Appreciate your holding shares in this interesting enterprise
as zinc approaches 2.00
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