! :0) sweet.
in the mean time our fund raise effort for the tub of gold and lake of silver is turning up an A-list who-is-who of family offices across the planet and interestingly, across n.america.
an observation: 'they' know
essentially the only preliminary question 'they' want answered is, "at recent low prices for gold and silver, what is the project irr?"
notice: they do not ask, "what is the investor irr?" as that is determined by bargaining.
answer, at recent lows for gold and silver, the project irr is 22%, and at 5% below recent lows, the project irr is 20%
neat thing about gold / silver project is that no one asks about r&d, marketing, distribution, after-sales services, etc etc
neat thing base metal tailings re-treatment for gold/silver initiative is that they really only want to know
(i) the assumptions backing the per equivalent gold troy oz cash (usd 590) cost and total cost (usd 670)
(ii) the metallurgy tests (95% Au recovery, and 85% Ag recovery)
(iii) the permitting and official attitude - the project in truth is environmental remediation / clean up, even if much cyanide is used, although our tech spec does call for cyanide recycling to be gentle to the environment and to save expensive cyanide
issue:
back in the mid-90s i had worked as a consultant to leading s.african mining company that wished to engage w/ china gold mining via licensing of s.african controlled bacterial leach know-how
the trigger was not pulled because the south africans were worried about IP loss
at the time i advised, cooperate and jointly prosper, or lose it anyway.
client did not listen.
now china teams are circling our tub of gold and lake of silver, wanting to tee-up their world-class, commercial scale, and allegedly really effective (97% recovery) bacterial leach know-how
as it turns out, while the aussies and south africans are good at digging, china may lead in metallurgy, that which enables the extraction of goodness out of dug up rocks
continuing to learn much
and, oh, yes, am beginning to understand why miners and geologists use much four-letters word, a single word, starting w/ f and ending w/ k |
