Short Term ProductionGFA has nearly enough money to get into production... from what I have heard... there were 2 large companies that wanted the project and GFA got it after 8 months of negotiations back and forth..
Upon PP closing which has been oversubscribed to $7 million.
$8 million in the bank
50 million shares out
Historical reports indicate thatin the period 2002 through 2007, the property produced approximately15,000 tons of ore that was processed at a mill in Guanajuato owned byPenoles Mining Company of Mexico and produced 750 tons of gold, silverand copper concentrate that was sold to an offshore smelter.
Love this deal and it certainly could become a takeover candidate down the road.