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Gold/Mining/Energy : Precious and Base Metal Investing
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To: loantech who wrote (13447)7/4/2003 2:13:03 PM
From: Claude Cormier   of 39344
 
That is what I understand as well. AQI intends to bring Calcatreu into production in 2004 at a rate of 40,000 ounces per year. They expect very low CAPEX and very high IRR. This will provide cash flows to explore the rest of the property therefore limiting dilution.

That is the plan. I think it can work.
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