Hello Mr Metals;
Interesting you still follow this rather moribund play( for the moment??), but then again, maybe your sniffing up something??
Hmmm cash costs seem to be not bad at all for LC, wasn't it a just last year we were hearing how bad the cash costs were and that LC was not profitable to mine yada yada yada??......now PDG is upping their annual production rate on the project from 450,000- 530,000?? interesting??
Any idea as to why or what is delaying PDG from moving ahead with this project, financing has been pushed back now twice since the decision,(June 11th) first heard from a reliable source(gstq)?? who got it right from PDG's IR a few months ago that it was because the financiers were on holidays so that was the delay. That pushed it back to Jan/Feb, now I;m hearing that it is being pushed further ie Mar/April??.........what seems to be the problem here, they won?? lets get on with it??
Also, I think there may be a problem with PDG's jv partner the CVG, seems like they are a little cash starved, so it may be difficult for them to pony up with their share??
Most unfortunate for both, this would have been so good as a political tool with the upcoming elections......lets face it jobs equal votes??
Does anyone have any idea as to what is happening here??
With regards, Frank |
