GREY:RIOAF - Post by User
Comment by
raisethebarron Apr 21, 2010 9:59am
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Post# 17014434
RE: RE: No dilution
RE: RE: No dilutionOvis,
I see EVO falling of his chair with laughter about my pressing the send button too fast. Lets be realistic.
Obviously this is largely subject to the approval of the environmental permit, which is not yet a done deal. Then of course the ramp up performance will be the key issue. $700 per oz is quite a haircut, rampup mining costs will be high, it begs the question as to what is RIO's margin, will they cover salary and wages as well as mining and operating costs during this period and will they be able to pay IAMGOLD what is owed.
I would say that it would have been helathier to take the dilution than run the risk of losing all with a substandard performance.
Raise