Post by
cre8value on May 12, 2015 9:09pm
RE:RE:RE:Sell Spring Valley or Gold Rock
36,000 oz of gold on the pad. ($30+ million?)
Inflow of cash from selling Spring Valley. ($40-$60 million?)
That should be plenty of cash to put in a crusher and agglomeration unit at Pan (original plan) and
reduce the stress on the balance sheet and shares.
Start drilling to expand the resource North and South. This is a shallow deposit so monthly updates should be timely with results.
Put out a PR soon showing the value here.
Comment by
realitycheck111 on May 12, 2015 10:18pm
36k on pad, 27k recoverable, 27 million, 5 million net after all in costs. Too early for Spring Valley buy out. They have a big problem. These grades are in fractions of grams, not ounces per ton.