Sorry Valentine
WRONG AGAIN.
The most logical reason for PDG to stop work at this time is, as the have said, that they have reached a point in the development of Las Cristinas that will require HEAVY expenditure and they are unable to obtain proper financing.
If you look at the work the have already done, ON LC 5, NOT 6 BTW, you will realize that the next phase requires the ordering of very expensive machinery and mill components. These components MUST be ordered AT LEAST one year in advance of the date that they are required. PDG cannot and will not order the machinery and components without knowing that they have full, unchallenged title to Las Cristinas.
If current gold prices were an issue, which they are not as, to the best of my knowledge, PDG has yet to readjust their projected 10 year avg. gold price of $350.00, they could easily decide to reorganize their mining plans to accommodate the mining of higher grade areas starting at Mesones first and then gradually expanding from there.
Also, if there was a concern regarding the economics of their properties, one would think that they would also consider dropping their deal with Bema as that property will cost a great deal more to mine than Las Cristinas.
Alternatively, the other reason the could have for stopping work at Las Cristinas, is that they realize that they will soon have to vacate the property.
In your post, you said "I don't understand" and I do believe that that is the first truthful thing you have said to date.
Sleep well :)) |
