hummm...might need to wait to see how this plays out with MFL....I still remember EPM....it worked out in the end but timing is everything....
Minefinders hires BNP for Dolores debt financing
2005-12-19 09:56 ET - News Release
Mr. Mark Bailey reports
MINEFINDERS MANDATES BNP PARIBAS IN DOLORES FINANCING
Minefinders Corp. Ltd. has awarded BNP Paribas (BNPP) the sole mandate to arrange and underwrite a debt financing facility of up to $100-million (U.S.) for the construction, start-up and operation of the company's Dolores gold and silver project, in Chihuahua, Mexico. BNPP is a world-class financial institution that provides project finance services to the energy, metals and mining industries, and has assets in excess of $1,000-billion (U.S.).
"This important mandate forms a key component of the Dolores project financing," said Mark Bailey, president and chief executive officer of Minefinders. "The facility is expected to have an 8.5-year maturity and will provide the company with considerable flexibility in its determination of the optimal debt and equity components of the project's capital funding. We are delighted to have the support of such a pre-eminent bank in moving the Dolores project forward."
The company is now optimizing a 18,000-tonne-per-day mine plan proposed by Kappes, Cassiday & Associates, while moving ahead with the construction of the required mine infrastructure. The company expects to complete the optimization work by early February, and most of the detailed engineering by March, 2006. The optimized study will incorporate new detailed engineering, direct cost quotes, equipment usage rates, metallurgical recoveries and revised after-tax project economics.
Construction of the Dolores mine is targeted to begin early in the second quarter of 2006, with commissioning, start-up and full production expected to be achieved by the second half of 2007.
Mark Bailey, MSc, PGeo, is the qualified person with overall responsibility for the Dolores project and is responsible for the contents of this news release.
We seek Safe Harbor.
new.stockwatch.com
>maybe csl could courier me some cheaper, after removing impurities like gold and diamonds, of course, wouldn't want any of those
LOL! I need to lay off the rum....that cracked me up!
They had some fireworks show over her in Azerbaijan for New Years!
Wayne |
