RE:RE:RE:Nothing to seethorzeus2013 wrote: There is that word... "IF"...dont see no difference between MWE and ARC. With the price of copper where it is, it's not feasible to build now. And what" IF" the report is bad, can see this stock tank just as fast. But, this is only my opinion. Having a report 3 months overdue, not good management if you ask me. JMO
I didn't wanted to lose half an hour explaining the total difference between MWE and ARC. But, with uninformed investor like you, that totally mislead others with ignorance or specific intentions, guess I will have to explain the difference. First, Thorseus, are you serious when you say; With the price of copper where it is, it's not feasible to build now. If so, you won't ever be able to great achievements as a business builder. Now, let me explain all the differences between MWE and ARC. When you build a 25 to 40 years plant, it's exactly when the price of copper is at its lowest, you wanna build. Because, building, start up, ramp up, take so much time, that be the time you've achieve that, the price have recovered and you're in full production in the good time. Of course, you need the capital, but in Belushi video, it says the Sinomine would put $37 millions to totally build it. Cash ain't suppose to be an issue. With MWE, they started building the Kapulo mine, over 3 years ago, when copper was at its historical highs, the plant costs were over $100 millions, they didn't have any big company backing them, with expertize in start up and with extra cash for ramp up, etc.... Adding to that, when they were ready to start last fall, copper was at its lowest and it was not feasible to make profits. So, MWE had no backing plan, a $110 millions plant a high debt, no money, etc. They had to go thru financing to save it from sinking, and then give away the company to Galena for $35 millions. Shares pass from 200 millions to over 600 millions right now. With ARC, do you see the total opposite now? Plant, only $37 millions (let's say $50M), back up with Sinomine, higher price of copper in 2 years (when we will be in full production) and only 120 millions shares..... Hope that I've clarify certain differences between a bad timing and a good one. I've forgot. ARC has a 2,12% copper per tonner concentration, I don't remember MWE exactly, but it's under 1,5%....