Valentine, I am not going to give you one inch here! PDG may well announce that they will withdraw due to uneconomical conditions. They would of course say this to try and save face in front of shareholders (do you really believe PDG shareholders are that stupid).
If you go to PDG web sites, annual reports etc you will notice that they suggest that it would have a cash cost of 205$ per ounce and a total cost of 295$ per ounce (including Royalties etc). Now then, ask yourself when they made these estimates. Well it was back well before PDG announced an increase in the reserve estimates from 9 to 11.8 million total oz AU.
Oops, what happened to that other 2.8 million oz. In addition, do you really believe that PDG have annoucned ALL of their drill results from LC 4/6? Well I suggest you ask HUGH LEGGATT!
Also, you will notice that of the figure above PDG only get 70% with the CVG getting 30%.
So now we know that KRY will get 100% (not 70%). We also know that PDG had to disclose their "real estimates" in their attempts to acquire environmental permits. Who do you think has these "real estimates".
Finally, PDG were going to build a meag 600 million $ mill/mining system complete with river diversions and comfy chairs for their execs. KRY is on record saying they could so the same thing for 200 million. Instead of mining 450,000 OZ per year they would do it more slowly.
Sorry Valentine, you once more have no idea what you are talking about.
Finally, your statement about "everyone being party to a trial" suggests to me that you watch too much TV. In a supreme court a "trial" is not a dog and pony show with lawyers grilling witnesses in front of movie cameras. Everything regarding the case is before the judges. PDG had their chance to submit briefing notes back before Acuna admitted the 8,. and subsequently the other 3 motions for sonsideration by the court.
Respectively yours. Andy |
