Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : ZINC The base metal. News and Views. Symbol Zn -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (1933)	11/14/2006 11:50:58 PM
From: Mr. Aloha	Read Replies (1) \| Respond to of 3270

Per the feasibility study (http://www.usetdas.com/TDAS/NewsArticle.aspx?NewsID=6124 ), they only needed debt financing for $13.5 milllion: "The Company will be required to raise debt financing of $13.5 million, including a contingency of $6.0 million, in order to bring the project to production. It has been approached by a number of different entities interested in pursuing agreements with respect to the required project funding and off-take of the zinc and lead concentrates. Negotiation of these agreements is now a high priority. Given the high quality and grade of the zinc and lead concentrates it is anticipated that the high demand for these concentrates should translate into favourable terms for Acadian Gold." With projected annual cash flow higher than $13.5 million (much higher at current or forward hedged zinc prices), I assumed that wasn't a problem, though I haven't seen any press release confirming the financing. I'll probably call the company tomorrow to confirm the financing.