RE: RE: stupidJsnfernley, wouldn't this money be spent on the bulk sampling? I thought that was the first step before all-out production.
Also, might this $5.5 million get them to the point that they have solid proof of the reserves and recoverable gold? I thought they were pretty much to that point with the study released in January but I guess not. I'd assume they needed to give away half the gold to get this assurance and, after that, the funding for the remainder of the project (assuming the results from the bulk sampling were positive) would be done at MUCH favourable terms.
Another thought I had was now that Norvista has a 50% stake in the Douay resources, they should be highly motivated to bring the mine into production (assuming their findings in the next 18 months are positive) at the cheapest production and financinig cost possible. Perhaps what seems to be a give-away at the beginning, may turn out to make the mine more profitable to VIOR shareholders in the end?
Am I making sense or is it just wishful thinking?
Thanks,
Chi.