as toldconfirmed now 50 milj !!!!!!!!!!!!!!!
financing almost through
12-15 month for commercial production (see powerpoint at their site)
life time of mine will be extende to 10 years
could go to 100 000 ounces i did my calculation with 80000
5 months after start already pre production (see powerpoint at their site)
time to get in ....
first move up (0,25) (financing+ Q4 breakeven -Q3 still loss) than stabilize (0,20) beginning of 2012 with reverse split 1/10 (2)
than institutions come in
second move up 2-5
stabilize 4
commercial production and new projects
third move up
5-10
so minimum 10 fold
have you read the cashflow that can be generated from lac herbin if gold prices stay at this price