Thursday, January 01, 2015 1:24:10 PM
The placer should be in operation soon, bringing in, we'll say, $50,000/week on average. That will fund the beginning of building the MC setup. You can move a lot of dirt for $50K. In March, Atzec and company should come up with $4,000,000...in cash. That's enough to develop everything. The tax money you memtioned is about another 1/2 mil.
So, if it goes as planned, we lose 3 - 4 months. That's why I question if the JV is still a good idea. It is a sure thing and the $4 mil may not happen, so Paul may decide to play it safe.
If neither happens, it will take a lot longer, but it's still doable. Remember, there are other, cheaper but less efficient ways of separating ore. Even if we only remove 50% of the gold, that money will pay for the Merrill Crowe setup. The nice thing about ore? It doesn't disappear. You can reprocess it again and remove the remaining precious metal. One of my better investments was in an old mine in Crete. They were reprocessing the original tailings pile. Those tailings were one of the richest ore bodies known at the time.
I hope that answers your question.
Dino
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