Wednesday, August 15, 2012 10:57:49 PM
Common sense would say that they are not working for free. But with a pinky it is much tougher to see where all of the investors' money is flowing since they do not file full disclosures.
The venture will be profitable as soon as production begins.
At $1600 per ounce (and soon to be much higher) profitability is easy to achieve with little volume.
How can you possibly know that? The overhead expenses are huge on mining operation and profitability is largely dependent
The annual totals will be known 1 year from start of production.
So this is a hope and pray type of mining operation? I would think that a quality company would want to know how much revenue they were going to generate off of a substantial investment. But I suppose that hoping they can produce enough material turn a profit is much better idea than actually having an informed and educated estimations. Of course that is just my opinion.
There is no toxic financing here. Elimination of debt is not toxic financing.
No one mentioned toxic financing, are you concerned about that route? But I suppose that financing a bunch of fluff PRs doesn't require nearly as much financing as starting a producing mine.
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