Monday, February 17, 2014 11:46:06 PM
Silver, "The bond could be done in a week or a month, it is relatively inexpensive for this an operation. They even could raise it in the open market, if they wanted to." This is an interesting point. It definitely seems that obtaining the bond is an immaterial cost after it's all said and done. So why haven't they gotten this bond yet? Hopefully, you're right and they will be operating soon, but that still leaves the question of why this is not already complete.
As far the grams per ton, I was under the impression that the mine was determined to have anywhere between 1.5 and 2 ounces per ton, but to my understanding the mine would still be profitable at 1 once. From what I've found, Michael Skopos the geologist has a solid reputation.
However, I think gitreal might have gotten real with his comment "the dozens of scam mines where selling stock is what they do best, and where gold mining is nonexistent, or at least secondary." Has anyone done any extensive research on who is running this thing? Hopefully, we haven't all been "gotten." I'm still rooting for them, but my optimism has definitely died down to a pessimistic hope.
PS Silver, how have you managed to trade this thing at a profit when the volume has been nonexistent until recently? When the price jumped a couple months ago, the spread was too high to get out at the "market price."
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