RE: my notes on the PPCoach, In my discussion with IPT, they said that the mine would be cash flow positive. (note: I was talking to the Energold guy). He said that for the first couple of quarters they were going to use the funds from the mining to prove up reserves. If so then why do they need $8 million more? Is it because they need better equipment?
Form what I gathered they were getting more ore out than they expected they could get. Let's hope the smelting results are good.