RE:RE:RE:RE:RE:RE:RE:RE:News flash Hazelton on crazy pills ! I think the mine is a going concern if construction can be financed through a silver stream. It won't make me hugely wealthy, but as I bought at the ultimate bottom (thus far) and that RCF won't let it be sold at less than $0.25
I worry about three things
1) That a loan will be again taken out for operating expenses, using the property as collateral. Any default would then leave no value. There are plenty of vulture capital firms offering such loans.
2) That the recent run up in zinc price is temporary and will revert back to "normal" before PC comes on line.
3) That the high mercury content of the ore will eventually bite us, either through having to deal with the limited number of smelters that will take the ore or through costs of site clean up.
Bottom line: I give the project only about a 40% chance at getting funding. But I really think that's the only hurdle left to clear. Given I think there's a 400% upside, I thinik it's worth the risk. But yeah, definitely a gamble.
The only thing I know for certain is that they have only about 8 more months of runway to find that funding. It's not going to drag out for another 40 years.