finally some clarityThe retail shareholders especially have been kept in the dark as far as what was going on at invicta... One and possibly two banks had looked at the project and walked away. The cloud of obscurity has now been lifted and it looks like we may be finally getting somewhere on the financing community relations and the mine development....Management has finally opened up and given an outline of the trail ahead... it gives the market something to chew on analyze and digest...This is incredible development that augers well for all shareholders. Kudos to huguet for clearing up the obscurity..
Now if only he'd apply the same degree of openness to the sinchao project....Gross metal wise at todays current gold copper and silver prices the AAg shareholders are in large part literally sitting on a world class inferred resource worth between $15 billion and $21 billion dollars... and nobody in the market knows diddly because the company remains in large part silent on the companies plans to create shareholder value here. The blue sky potential at sinchao is world class.... open up john and tell the mining community what you have and some of your plans of enhancing the development and hence shareholder value...
as far as financing of invicta goes we have to wait until the communities are on board... Methinks however with the current price of gold the company will have the added option to hedge a relatively miniscule amount off gold to take a big bite out of the intended borrowings from the bankers. 10k ozs would hedged would currently bring in close to $14 million ... so for as little as 20k ozs the company might take a massive bite out of the amount of the expected bank loan.... These rising gold prices have given AAg a lot of room to maneuver....
rome wasn't built in a day... the company opening up to the shareholders may be more important then the mere months we have to wait for everything to fall into place as far as the mine financing goes..Meanwhile the rising silver copper and gold prices are contributing to the value of the invicta project... Does anybody have an updated IRR based on todays metal prices.... some of the Irr gains i have been monitoring in this sector have made quantum leaps..