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Re: gpf95 post# 828

Tuesday, 06/21/2011 11:06:43 PM

Tuesday, June 21, 2011 11:06:43 PM

Post# of 4434
I don't think they can expedite it very much gp and funding isn't even an issue yet. They've got piles of cash and 0 debt.

The PFS won't be done til late this year. The DFS won't be ready til at least Q3 2012. That is the study they use to apply for funding. I'm sure a lot of that can overlap with the design work and maybe even preliminary permits. But the permitting process takes 2 years by itself. So 1 yr (being very kind) to finish the studies and 2 yrs for permits. We're at 3 years and they probably have completed a significant portion of the construction at that point.

Plus, they have options on some "neighboring" properties that they are beginning exploration on now too.

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