Bank Financing The BFS report will be interesting for more reasons than the economic vitality of the project. That aspect is assured unless there was another disaster in the numbers. The bank financing issue is the main problem.
I have followed up with inquirey's to those in the mining business and as expected found that conditions in the market place are terrible. One individual said that it's the worst he's seen in twenty years and junior miners are not even able to get in the door. He said that with bank finanancing unavailable, the majors would be the avenue most likely to step in an either jv or buy out the junior, if the project is desireable. I believe we will see the BFS released in Vancouver this coming week. Then we will see what the market has to tell us.
GLTA/rg