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Bullboard - Stock Discussion Forum TELSON RESOURCES INC SOHFD

GREY:SOHFD - Post Discussion

TELSON RESOURCES INC > Interview with Ralph Shearing
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Post by MacRellen on Nov 19, 2020 5:33pm

Interview with Ralph Shearing

What he says is mostly covered in the NR of November 16.

He says that additional funding of construction at Tahuehueto beyond the $12M loan will be done by an equity raise or a silver streaming arrangement. Their budget is $13M, the Accendo loan is $12M. Both Trafigura and Accendo will need to approve that budget, that it's sufficient for finalizing construction - Ralph emphasizes that the funding is not a done deal, that DD is needed.

They're hoping Accendo's DD will be completed in 3-6 weeks, and they hope to be able to achieve the funding in 6-8 weeks or less (so I guess it'll probably take at least 8 weeks).

He also says that the procject is about 50-60% built (which is down from NRs from about a year or so back which claimed it was at 70% - I guess wear and tear?).

8 months from financing until the project is up and running, a year until it's running at full capacity at 1000 tpd.

https://www.youtube.com/watch?v=vxlBqi9V9w4&ab_channel=Proactive
Comment by itsamateurhour on Jan 20, 2021 9:40am
Looks like we're at the eight week mark! 
Comment by MacRellen on Jan 20, 2021 11:15am
And looks like we'll have to wait a bit longer, since there hasn't been any news on Accendo's DD which he said he hoped would be done before christmas. OTOH it seems Campo Morado is doing well.
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