GREY:OLEPF - Post by User
Comment by
iop42on Dec 13, 2010 9:22pm
327 Views
Post# 17841347
RE: Teranga, JV, etc
RE: Teranga, JV, etcIf OLE joins with TGZ/MDL then we become part of the hedger club - selling gold at the price when the contract was made. This means big losses when the price climbs and even worse if inflation sets in because operating costs will rise.
Sell the ore to them for processing but don't join them. It won't be a good deal.
Then asap start a heap leach mine to satisfy the impatient Senegal government.