RE:its startingHi Guys, Yes getting closer and closer to production decision. Crushing some numbers on the upfront Capex, and i'm sure we can still squeeze some more $ out of it.
Will get back with more details on this, but from a 3.5M Capex, there is 800k$ Contingency.
That could mean an upfront Capex requirement of less than 2.7M$. Also, i need to get this confirmed, but clearly some work part of the exploration program (stripping and mapping) are overlapping with cost part of the Capex (site prep and quarry pit) expenses. One way or an other, with the summer exploration program, there will be little place left for a surprise (versus PEA planned expenses) when time comes to get into production.
Permits and Offtakes(or at least purchase orders) are at close a distance i guess. Don't blink :p
onetimer wrote: Files Preliminary Economic Assessment for the Silicon Ridge Project Chooses Baie-Saint-Paul based Enterprise Jacques Dufour et Fils as Contract Operator To start initial stripping on the Project in late July, for permitted surveying of the deposit Remains on-track for Production this year, but requires Permits this summer, complicated by a recent work stoppage by Engineers inside the Qubec Government