GREY:AUAYF - Post by User
Post by
talktome01on Nov 06, 2008 1:16pm
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Post# 15570236
Financing...no way!
Financing...no way!Don’t throw away good money after bad. AUA will need 600m to more than likely 800m to bring a low grade marginal deposit into production in the middle of now where. Who would finance that? No one will take the risk. Management is questionable. Capital costs are high. Grades are low and it’s miles from infrastructure, power, water and labor force. NOOTTTTT
The companies that are going to make it are high grade and low capital cost smaller deposits. ROK and VLC are the only 2 with even a chance…CYU, AUA, Creston Moly….not a snowballs hope you know what of making it because no one will finance it. VLC is interesting for 3 reasons; they have the end buyer of moly in the company 8 million shares, they are pulling up good grades on surface and there is several struggling mills with in 10 km that could process their ore and apparently there is a flotation system in their circuit. ROK has good grades but down deep.