GREY:PTQMF - Post by User
Comment by
wwadehammeron Dec 16, 2012 8:35pm
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Post# 20737891
Need more money
Need more money Good evening VD, Crdy's got me on ignore and I've got him on ignore as you might as well read what Fifer's putting out regarding PTQ. As for producing within 6 months, maybe Lom Poy, but remember, it will be an underground mine operation unless the current drilling program shows that an open pit is economically feasible. I have my doubts about the drilling program being competed and the feasibility of open pit mining determined in time for operations to start in the next 6 months. Tell me VD, when has PTQ ever met a production deadline? That's a never VD. As for underground mining, their still pumping out and decontaminating the water at Lom Poy. Then they have to have a lot of equipment in place to mine the ore and ship it. To do this on a large scale, they need a lot of money. Last I looked, the balance sheet showed a big time negative working capital ratio. Where is the money to do all this? As for San Telmo, If you looked at the picture of the mine I posted you will notice that there is a large lake on top of the mine pit. It's lake is full of lead, zinc, and copper sulfates. San Telmo seems to be a great example of how sulfide mining causes massive pollution based on the number of scientific environmental articles on the internet. I would imagine they would have to clean up the lake first before they started mining operations. Again, where is the money to do all this? This might or might not be a good deal, but it's much to early to tell.