Hi guys, good to hear from you.
VB, I think the PDI spin out can go forward to finally allow shareholders the opportunity to get the carrot that has been hanging there for three years now. Remember way back when we actually had a date set for the vote! I think the spin out with an arms length company will allow PDI to receive more direct government contracts, when it is not associated with mining interests. With regard to cash flow implications, that can be dealt with by pricing the aggregate sold to PDI by PTQ at a higher level,along with the pricing of FQM contracts that pass first through PTQ hands to PDI.
jff7, welcome to the "long" group. You will be fine long term and the dollar crash will be very brutal and very sudden when it finally comes. A huge wave is building and the higher it goes the greater will be the break. Our largest shareholder Eric Sprott just bought another million shares in Junior Miners directly as opposed to the GDXJ where Soros is placing his money. Remember if you don't sell you don't lose a dime!
Maybe we can shake some of the trolls as we go through this winnowing of weak hands.
REMEMBER OUR PRODUCTION IS INCREASING AND THAT WILL HAVE A GREAT IMPACT ON OUR BOTTOM LINE. THE COST OF PRODUCTION DegiTech posted some time ago shows that we are very well positioned. Half of the GDXJ fellows are not even in production. Do not be surprised if more acquisitions suddenly appear on the horizon.
(i.e. Example: 10,000oz.@$1,500=$15,000,000. 13,000oz.@$1,200=$15,600,000.
We will continue to be profitable and the DB deal is looking better and better.)
AI
