GREY:ABGFF - Post by User
Comment by
windyguyon Dec 02, 2009 5:35pm
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Post# 16547382
Delayed until Early January
Delayed until Early JanuaryThe feasibility is delayed until next month and perhaps indefinitely. The numbers in the study do not produce a positive NPV based on the methods of current engineering principles. That is why there has always been a delay.
You cannot blame anyone. The deposit just does not stand up to commercial viability. No legit firm will write a glowing positive bankable study result. I am selling my 30,000 shares tomorrow and getting into a real gold deal with great commercial prospects like TMM that just poured their first gold bar in Mexico.
I do not believe you will see a positive NPV on Copperstone from a blue chip engineering firm.
It is a mirage on the desert. You only see what you want to believe.