GREY:ADAIF - Post by User
Comment by
Pawperon Apr 08, 2006 8:14am
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Post# 10638220
RE: Presentation by Mr. Felderhof.....
RE: Presentation by Mr. Felderhof.....Very good find Exodus--thanks for posting that link...here's a short cut and paste from the presentation:
Here's why it's important to us. It comes equipped with a 1,500-ton per day mill and an open-pittable lead-zinc deposit. The reason why I say that at this point in time is because we know the lead-zinc deposit is there, it was drilled off by Esso Minerals in the 1970s. Current lead-zinc prices have escalated considerably since China has now taken up 35 per cent of all the zinc production in the world.
Secondly, it's going to enable the company to fast-track through production, because ScoZinc has most of the necessary permits in place to start that operation up fairly quickly. Thirdly for us, it's important because if we get this operation up and running as planned, the cash flow from this operation is expected to finance the gold project to production. This is important for our shareholders from the point of view that we hope not to have to do any equity financing after that and, therefore, the shareholders shouldn't suffer any further dilution.