3 years for a mineAt the meeting yesterday, JSL said that they could be mining within 3 years?
That is a capex of 100 million I saw someone speculate?
That timeline is close to CLQs mine timeline.
CLQ though just finished a financing at 1.50 to get a huge sum of money up. That is up from 50 cents earlier in 2010.
With that in mind, how can we see EFG not having to do their giant JV financing at a lower level in comparison to CLQ?
Seems to me that the financing JV would be set at a lower price comparitively. Not upset about it, but the situation is more ideal at CLQ.
If they had not been putting so many great people who can start a mine on the BOD, I would guess takeover, but they don't seem to want to be taken over. They want to make this happen. They see a ton of more profits for themselves and I think they also want to take on the personal challenge of mining.
That's my take. YOu are welcome to yours but I think the BOD and the acting CEO want to see this through.