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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (64997)4/30/2009 10:41:41 AM
From: MICHEL GUIBERT  Read Replies (1) | Respond to of 78416
 
You cant's see immediate production at francoeur.
The close of the mine has been planified, they don't just stop production, they really close it...

The gold is in depth at 2500 feet so exept by sending an equipped submarine I don't see how they can produce, of course there is probably gold near the surface but extract it will cost too much with unfavorable numbers...

The good new is they will use camflo so the mill exist and is RIC 100%



To: loantech who wrote (64997)4/30/2009 12:32:05 PM
From: AlphaRomero  Read Replies (1) | Respond to of 78416
 
I agree...the market yawned because it's the first step in a lengthy process. The big question we all have is what else can RIC do with their cash flow? ...besides acquisitions and re-opening old mines, they themselves could be a takeover target. They could also actually consider throwing out a dividend to get some market attention!


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