Time to Production
I do a lot of reading/research lately on jr. miners. Just listened to a silver guy talking about time to production on jr. exploration co.'s, after they get some property.
Year 1 Locate Drill targets
Tear 2 First round of drilling
Year 3 Resource Drilling to prove out rsc.
Year 4 Pre-feasability study
Year 5 Secure Mining Permits
Year 6 Environmental Impact Study
Year 7 Final Feasability Study
Year 8 Raise Money to construct mine, roads, etc.
Year 9 Spend money to construct mine, roads, mill. etc
Year 10 Seek and hire people to run operation
Year 11 Start production
Seems to me that 1 thru 7 can be checkmarked off - ok done
Item 8 and 9 are pretty much there, everything crucial already built, just some upgrades, nowhere near as much money needed as starting from scratch -- well underway.
10. Already have enough people to start, apparently.
11. Pretty much there....
