Thank you for your answer.
I have not heard or seen anything that would indicate any money going to stockholders of more than perhaps a token dividend of a couple of cents per share. Any money received from a sale of some sort would go to expansion and honoring the contracts now outstanding. With all the macro problems, I do not see any great returns for four or five more years. Then I think they will be excellent for those with the patience to remain and increase their holdings.
If Molejon would be sold, it would take $160MM cap/ex. to bring Spain into production, and probably four years at best. Portugal another $40MM since it is "free" gold. This is not a good time to sell IMO and I am not convinced that it will happen. I think we shall see some sort of a JV/loan combination and management will remain. Q1 production will have been very, very low, but I don't think we lost more than $0.10/share. Q2 should be back to normal about 18,000oz. and then Q3 & Q4 big improvements.
