RE: RE: RE: Operating Capital.... Have listened to CC a few times they have been very honest, they have money in the bank and expect to have enough to see them into next year barring AMEC recommending they go out and spend a hugh amount on items such as surface rights, etc.
New 43-101 will cost $500k, they have said they will be completing the PEA without additional drilling. So you may want to explain what they are going to spend $12m on? Fact is they will wait for the PEA to see what is recommended. Expect PEA to be out end of Aug, if Orko are still around can't see them doing $12 million of drilling in 4 months. They also said there was no shortage of people willing to finance a mine so an extra $10 million will be chicken feed.
Is money a genuine concern at this point - NO.
Are majors keeping their wallets closed - ABSOLUTELY NOT. Hammy, if you actually think M&A is going to dry up then you don't know what your talking about. Even at current PM prices majors are coining it and have built up large warchests, they will be cherry picking the very best projects, like LP, thats why 4 are interested to date, hardly an indication of M&A drying up, is it? Or do you actually think majors will wait until the commodity prices rebound and they can pay even more for the projects they need to replenish their resources. Hammy, if I did not know better I'd say you are a basher!!