InvestorsHub Logo
Followers 27
Posts 4687
Boards Moderated 0
Alias Born 04/30/2005

Re: Trueheart post# 16173

Friday, 07/27/2007 7:37:55 AM

Friday, July 27, 2007 7:37:55 AM

Post# of 42636
I would have to see the contract to answer your question. My guess is that the $1000 per ton figure is the complete cost of the building of the plant. The company previously announced that they hoped to fund the 5 plants by pyramiding the cash flow as each palnt comes on line. Looking foward to completion of the inital pilot plant and a report on its economic viability. The next newlstter should be far more optomistic than the last one. Also Miramontes expertise in mining should be very valuable in moving Cerro Rico foward if this business arrangement is expanded. I also noticed that Miramonte was listed in Germany in Frankfort in June and is using RG Securities, a Zuruch brokerage to trade its shares. Getting and connecting with investment bankers is crucial to capitalize the company to move the ambitious projects foward.Wish I took up German as a second language.