OTCQX:SREMF - Post by User
Post by
Smartcentson Mar 17, 2011 1:21pm
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Post# 18299602
My Conclusion!
My Conclusion!....What should I (we) consider when deciding to buy or sell?? The following is what I consider facts... We know we have a 15 year mine life...the next 60 days will givel us the revised 43-01 , have approx. 135 million in CASH , have Engeering underway, some equipment probably ordered , a descrepency in the 43-01 presently, which will probably mean, a material reduction. Will need to finance another approx. 80 million, and in order to proceed with THIS will need a confirmed 43-01....What we do not know is the material reduction, will it be 50% less? perhaps, what does this mean? to me it means perhaps 15 less mine years, what does that still leave us approx. 35 years...Is this Good? not as good as 50 years...what else could this mean? may have to drill further as required to get more mine years... All above is based on the news releases from the last year or so, and is all IMO....I like to simplify!!! Good luck in your conclusions..