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Re: faust357 post# 1677

Friday, 03/05/2010 3:44:27 PM

Friday, March 05, 2010 3:44:27 PM

Post# of 1941
No kidding man, a 26 mill cash infusion and they'd be mining/processing now, what kind of friggin' paranoia blows a deal like that over national security concerns? Or you reckon it was a nose-thumb at the Chinese?

I'm in some agreement on the potential, the site lists what seems to be a conservative figure of 50,000 ounces, but I found an article where the CEO said that 100,000 lounces a year to start once they were in full production, eventually ramping up to 200,000, not sure I believe all that, but 26 mil is chicken feed with all the dough getting slung around on lesser junk, surely they can find a buyer/partner/financier with those kinds of reserves. I'm in today with a small starting position at .022, we'll see.

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