InvestorsHub Logo
icon url

JR11

04/14/13 5:40 PM

#1704 RE: BigStogie #1703

I don't know if their agreement is still valid since a new manager was selected, but even if not first, their material should be getting processed very soon and I expect that Dan would issue a press release sometime very soon. I believe they must be running their leaching facility in addition to their crushers and flotation plant, otherwise it doesn't make sense that they are making advance payments to the miners. They must be able to fully process the material. Not to assume, but it would also seem to indicate that they have a buyer(s) also or are very close to signing a contract with one.
icon url

locklamp

04/14/13 7:16 PM

#1705 RE: BigStogie #1703

Based on there being 6000 tons waiting to be processed and their current processing rate of 300 tpd, my estimate is that we should get an announcement of revenue around mid-May. After that, additional revenue will depend upon whether LSTG decides to transport additional tailings to Parral in the interim while waiting for its own leach plant to be completed. In any case, we are about to see a major change in perception of LSTG within the next month.