Eric writes about BAY.T: >Mexico is a great place to explore and restart old silver mines. For the gringo, one must have security. In the hinterland one must have projectile protection. Never mind the regs. If starting a mine, one must have double that security. Former Israeli army sharpshooters, Russian Mafia, anyone with a shoot first attitude. And one must buy silver and gold off the miners as well. Highgrading is not just an art in Mexico, it is an obligation. Finally protection against the 37 layers of graft in government comes in handy. Just to get a drill into Mexico will cost you the price of the drill, at the border.
So, how much of these "off balance sheet partnerships" work out to in costs per oz to mine down in Mexico? Of course, you ARE familiar with the boast that Mintec is going to help bring in a bank/feas iin "at profitable to mine at POS$4.50 ?" Is there a "standard fudge factor built into those calculations to "allow" for graft and hi-grading???
So, let's hear it, good, bad and the WAU...feel free to use BAY's Alamo Tornado as your "talking points"
Thanks. |
