Wednesday, February 29, 2012 7:45:28 PM
But there could be another option. Get one of the cash rich gold miners of just the right size to do a JV, engineering, reconstruct the plant into a sizable working order for a percent and carry SRCH totally free in the bargain. They be the operators. Pick a percent number and it doesn't have to be anything remotely close to 50%. Low risk for the present management / board.
You are talking say extra 100 million for extremely good plant, make it 200 million. Chump change once you are in operation. It is not a mine, more akin to a manufacturing operation and just a screaming money machine. Back of the envelope you get your capital costs back in a flash at any resonable TPD thru put.
A buy out is nice but we the shareholders are only getting a thin check. I'm thinking something like 8-10 year plant life, you could ramp up over time. You got scads of money to buy other operations, hopefully wisely.
Plus all the iron / silicon etc that is in the waste stream you could also farm out to an on site cement block / concrete forming company as a sub. That stuff as an additive got to make a killer mix. Take a bit of effort to haul 20 million tons anywhere. Stock pile it and make another business on site.
Whatever, I've been trying to buy a bit more. Price doesn't want to cooperate most days. I think once it gets going will go to the moon. Don't even want to think about the tax part of it.
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