InvestorsHub Logo

trader guy

10/22/07 10:48 PM

#10254 RE: loadedgun #10253

Agreed. I enjoy going through the photos to try to piece it all together and look for things they may be missing. But so far, it all seems to be there per my limited knowledge of mining, lol.

I have picked up enough knowledge in just my DD on the subject to know that although it may not be a state of the art mill, it will be quite adequate until the need arises to increase capacity.

Something I haven't seen discussed here is the possibility of a conventional loan being available to pay off the CD's when the mill is running and turning out concentrate at a set rate. When they reach that point, it will become obvious that they will be able to pay off a loan within a set time. If progress continues at the rate it has been, I would expect that to be possible soon. Just how soon I don't know. Depends on the lag time from mill start up to first sales of concentrate.

After that first pay check, it will be just a matter of showing the stub to the lender along with evidence of continuity of income, ie, operating mill of dependable quality and a couple hundred thousand tons of stockpiled ore, tailings and ore dumps. Should be easy. A no brainer, imo.

This is just my opinion and actual results may differ materially from what should be obvious.