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Gold/Mining/Energy : Precious and Base Metal Investing
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To: Claude Cormier who wrote (884)12/13/2001 6:21:05 PM
From: russwinter  Read Replies (1) of 39344
 
I think the key is the very low $22 million capex and the fact they will be a feeder (of a million ounces initially)not a processor. Sounds like both GBG and their backers have supreme confidence in the economics. Maybe because the payoff relative to the rather small investment is so lopsided, they will just jump start it without a bankable feasibility? Why not just spend the money and time on the developing? I can see that logic.
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