TSXV:AUN.H - Post by User
Post by
zzthnxon Nov 11, 2008 6:23pm
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Post# 15579372
La Negra Concern
La Negra ConcernI'm starting to wonder, with copper down to 1.60, if we are going to be able to keep La Negra running without burning through the 3 million cash that we have (as of last M & A discussion). We lost money on La Negra last quarter with copper over 2.75 and silver higher than it is now. Anyone have any thoughts on this? I'm starting to feel like it's all about Shafter now, and wondering when we're going to get the financing for that. My guess is after silver recovers. Hopefully it won't be long before silver is back at $15 because I think that's what is't going to take to get a fair deal in a Shafter offtake agreement. Cheers, zz