ccu.to - good idea imho, considering the situation, i almost typed in thoughts like this a few days ago - if there is so much ore on the pad already, and the problem is that leaching is slower than anticipated, then to conserve cash you could shut down mining for a while, take it right to skeleton crew and milk the heap ... if/when leaching improves you'd have positive cash flow, even
'there will be an inventory of approximately 40 million pounds of contained copper that may be recoverable over the next one to three years, based on the leach recovery rate'
They have no idea what leach rate will be, 'one to three years' ... but even at three years, they're still in the black, provided that they get some cash to carry them over the next few months, and provided that they don't blow it in some other way, like spend too much on other properties or something before they get straight
They need somebody to take them over, an outfit with a few bucks, not that many really, but more importantly mining expertise |
