Not really impressed with the potential of Gramolote vs.the cost of mine 740M vs the return of 940M expected. See many better opportunities for the money. Just my thinking. Better to put that money into a mine for Snowline Gold or a AuMega antimony mine with more potential for gold. If the price of gold goes down there could be less profit at Gramolote.
Next, GDX is to set to rebalance on the night of Sept 19th after market close. It appears, subject to later revisions, that they will have to increase BTG holdings from .99 percent to 1.42 percent a .43 percent increase in stock held. This might have a major impact on price come Monday morning. Time will tell when we know the final figures. They are changing the index they follow.
As I figure it, from the conference call to the filing expected by us a week later, we are now over 30 to 60 days with no permit issued by Mali. Someone needs to get on them as we are all being financially impacted by their delay. I hope by the next conference call we have better news. If no news, since we meet their demands, an action to consider breech of contract, demand for performance, and monetary damages needs to be considered if any further delay.
I further would like to hear what decision was made on our shares of the Aurion JV if we sold them to Rupert or not?
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