Mark,
I am in agreement with you on seeing some cash flow. As you know, I am a long time investor in this company, and have been through many disappointments. As a matter of fact, I have come to expect them, and take a somewhat skeptical view of positive news. I fully expect to hear about further problems with the refiner, etc.etc.
I would personally like to see Global start taking that 20% that they say they can extract form the "tan sand", process it, sell the metals, and pile the sand for future processing. That 20% represents some respectable cash flow, if their estimates are correct.
This is not you average junior mining play, and the extraction of PGM's from the "tan sand" is a drastic departure from any known PGM mining venture currently producing. We all want to know that it is more than a pipe dream, and we will be sure when we see the metal being "sold".
I understand that they are working with the process, etc., and I know that most refiners are willing to vary little from the processes that they have used for decades, but I, too, want to know what happened to the "metal that was on the table".
On the positive side, I feel very good that they have acquired the Oro Grande property, and I think that eventually, that and the surrounding claims will produce vast amounts of precious metals.
Jack |
