rrten GORO Good dialogue, said another way, what their wanting to do, is to avoid living hand to mouth like they did with Aurista up front. HOC wanted them to build out fast with dilution and GORO chose to stay the safe course and keep costs low, while continuing the divy. By self financing and picking up high quality, high grade, low CAPEX assets on the cheap, GORO is setting up for survival no mater how low the price of gold goes.
This is my opinion only, the Reids are Patriots and gold bugs. They are setting up for long term success and not as much interested in high volume gold selling at $1200 gold. Instead, they will build out properly as you said, and throw massive cash flow and dividends when the time is right. The share price will follow.
As to Isabella, I want to see it done ASAP and taking a low cost bank loan/ line of credit for security is fine with me.
