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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: jackjc who wrote (2636)12/3/2005 2:48:37 AM
From: E. Charters   of 78417
 
Mill expansion to 500 tpd is cheap it is true. 1.5 million, as they have most of the equipment.

Normally you need to borrow or raise money to start a mine. Rarely can it be done out of profits, except for the richest companies.

To mine the deposits one by one they would need about 80 years.

Capex to start one mine completely at sufficient tons would be north of 15 million. They can do it by dribs and drabs say 5 million per year. That might work.

Hard to do with a dilutional stock price. I favoured a roll back when they started out, as it does not seem so bad, despite the assertions that it was the same thing. Perceptions are all in a market.

EC<:-}
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