Winston Gold Corp C.WGC

WGC Raised Another Milli

[goldboyz2]

with the nr announced today. Raising 3.5 million in the last 6 weeks and producing gold at the same time is exciting. But why 3 million to get a mine running ? did WGC blow through that 2.4 million since dec 4th ? Hope we get some more details on whats going on and where all this money is going. 

GB

[goldboyz2]

sorry 3.2 million

[Kylemcc10]

He's mentioned in interviews that it goes to pay salaries until gold revenues come in. 

[MTMiner]

Construction of any kind is very expensive... this isn't quite construction but it uses heavy equipment to dig and haul and crushers and mills to pulverize the ore. Then separate the gold via gravity and float circuit They could easily go through 40k per day in equipment labor materials and Mgmt... and maybe more since even used equipment purchase prices are measured in the 10's or 100

[goldboyz2]

Hey thanks for the reply MTMiner, appreciate that. I guess that milli is for another month of running, would 2-3 months be a accurate estimate on how long its going to take to get to full production 150tpd?  Glad to hear they are hitting both fronts ( minning and running material/mill ) Anything to add about drilling?  Thanks for the reply  Cheers GB