TSXV:AAA.P - Post by User
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jonofdublnon Jul 28, 2011 9:48pm
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Post# 18885650
RE: RE: to all AAA enthusiasts re danakil basi
RE: RE: to all AAA enthusiasts re danakil basiKarma,
Yes I have thought about the Open Pitt option. That is why I mentioned the posibility of mining in more than one location. Solution mining is cheap, but shallow open pit is also. It will be interesting to see what the study suggests. Is a two mine option reasonable? It comes down to the money and if both can show a profit, why not? The obvious question is funding and would dilution be worth it, or is there another means. I wish companies raising money would give the existing shareholders a first shot.
We could start one mine and fund the second with the profits while waiting for the railway completion is something to look at. That would avoid dilution and set us up to be a blockbuster much quicker than we thought. Many options come to mind and all would drive the share price well north for years to come. The product is there, how and where to start are financial decisions. These can be supplemented by additional moves by FA.
In the 60s, I wished I could skip a week of my life to avoid a dentist appointment. My uncle promptly told me to never wish my life away....so I will wait patiently for our gem to grow and flourish.
My best,
John