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Re: Traderfan post# 32039

Monday, 11/23/2015 8:22:39 PM

Monday, November 23, 2015 8:22:39 PM

Post# of 35697
Trader, I dont have a sure answer to that. The company has assured me, they have enough current cash to make progress and survive into 2017 if they had to. Future gold price surely surely will play into this. Thing is , the capex is so low, they could pull a lot of that money back from the sample even at these low gold prices. In a sense the loan could be like collateralized.
Another tidbit, pre feas specifies a certain tonnage for the bulk sample. They are going to use the ore sorter. If it works as tested twice already, they'll get a large bump from pre feas numbers. Also those pre feas numbers we're done on reserves and not the 1.2 million oz high grade resource. So in the finance meetings, the big question might be, can they convince the financers these couple points have actual benefit? $20 million to get the whole job done might happen in this market. AISC is near $850 without these 2 considerations. Insiders been pushing money in. Took down most of the last financing with the warrants. Also Check the latest one.

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