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Implanting

02/08/12 2:25 PM

#107 RE: early_retirement2 #106

Well, I'm hopeful gold doesn't crash anytime soon. I don't see it happening with all the debt issues that hound the world economies and the continued printing of fiat money. Apparantly DB doesn't foresee any serious drops in the immediate future or they wouldn't have made them the loan.

The way I see it is if the mine is now in good shape and operating up to speed, that's the biggest hurdle. I'm a little fuzzy on them getting the ore required to make their numbers because I know recentlly they were getting much of their ore from Newmont. I assume they can get all they need from Jerritt until they can begin mining Starvation in earnest. As you say the roaster they have is a big plus and obviously not priced into the value of the company. Why that is I still don't understand.

I would agree the execution risk is also my biggest concern going forward, but with all they've going through in the last few years that would seem to be fairly easy to achieve now that the plant is working properly. Thanks for your input, I look forward to speaking more to you concerning this miner.