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M_T_Pockets

02/15/13 3:19 PM

#61725 RE: sanbrunobaby #61721

I think they have a good chance of making it, SB. Since the DRMS cleared everything but the completion of the ponds, CGFI has permission to do repair an preparatory work on the mill through this past fall and winter.
The mill should be in reasonably good shape. This is pretty rugged equipment. I believe that most of the work needed will be electrical repairs and replacement, and the addition of the drying equipment, used to dry the tailings. (This equipment was not part of the existing mill, since the old process used a slurry to transport the tailings.)
The clear span is a remarkable structure. You probably have seen one if you live in a cold weather state where salt is used to de-ice the roads. The stockpiles are sometimes covered with a structure such as the clear span to keep its contents out of the weather. (Exactly the purpose for the dry stack tailings.)

Cash is critical. It will be needed to accomplish the clear span project. Word of solid, conventional financing would go a long way to stabilize and raise the share prices.

$CGFI