Friday, June 19, 2020 2:04:55 PM
Can actually claim it and doubt SEC will bitch. GORO simply called it sale of CONCENTRATED 3 metal floatation. Copper/Gold, Lead/Silver and zinc. Refiner made the PM and base
metals counted as PM equivalent in cost reductuon. Looks like we'll need not too much of that just silver making 92% coin grade. Funny way they like GRC as how to drill a resource 1st till bring up it was later PRODUCTION drills to fill in the resource squares and NEVER a Feaze made at all. Simply start working in good ore and keep it up. Explained by Bill Reid in 2003 initial meeting as opening the perfect mine.
1. Raise funding for mine build out. Is never called debt since will pay back by in-profit over time and is a long term tax write off as well. Proper DD will show this to early investors.
2 Use JVs as possible when a need but never let control leave the corp. Sole need is sufficient ore to reach and remain in profit.
Mexus finally reached this goal in 2018, 100% control after 2 failed JV's.
3 If possible begin meaningful dividend as soon as in sustaining profit.
June 2010 in full production. July 2010 initial .06 monthly dividend paid and in lesser div ever since with POG down much reduced profit to POG $1050.
All's to say it worked exactly that way in 9 years from initial concept in era of POG $250 climb to $1900. NOW? In my opinion? Here we go again... and again? First one in some odd reason.
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