PINL:VLTAF - Post by User
Comment by
ALLEN4on Sep 26, 2013 4:53pm
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Post# 21771059
RE:More info
RE:More info
Great information, thanks. I would love to be a fly on the wall in those meetings. I believe that Sprott has estimated that by March, 2014 most majors and intermediates will be in desparate need of new reserves in order to maintain existing cash flows. If this is accurate there should be some very serious interest in Kiaka by then. I think the proven success of Essakane and the mine friendly environment of Burkina Faso will be very appealing to many majors and intermediates. I know the trend is away from major projects, but that could change in a higher gold price environment, and if that is not to be, management's internal review should find a way to selectively mine Kiaka on a smaller scale. I also find it exciting that we are number 1 in cash value on the GLDX etf. Presumably the guys managing that etf have some knowledge of the industry and know value when they see it. I do believe that VTR has severely reduced its burn rate because I recall at one point we were estimated to be out of money right about now. I think the news on many levels is good from here on.