Tuesday, December 11, 2007 10:41:57 PM
The gtl plants are still up for sale and results from the November meetings and any capital deals will have to wait till after the quick approaching holidays. I was disappointed that we didn't get any hard sales numbers but on reflection it may be improper since sales are supposed to be reported in a 10q sec report with audited numbers.
Cerro rico will need a lot of capital to build the infrastructure.Any true start of on site preparation is probably a year away.
That being said, the company is now running an established silver mine. with credibilty as a actual mining company, it would not be surprising if they were awarded other sweetheart deals by comibol. The 20% profit sharing arrangement with the cooperatives may prove to be a brilliant stroke by Petty.
they are negotiating to sell the Colorado property and Pulacayo is for all purposes dead probaly due to high environmental costs.
Finally we may get a little news just before the Holiday as the the result of the next sale. Hope to see a nice January effect move starting soon. And best of all, americano is back.
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