GREY:NATUF - Post by User
Comment by
ruminatingon Oct 28, 2011 1:25pm
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Post# 19190412
RE: How much lower ......
RE: How much lower ......It can go to zero, like any company that carries debt and faces operational hurdles. That describes about 98% of mining companies, especially juniors. This company's biggest asset is it's Mactung development project. Permitting is imminent but faces some hurdles. Concerns relate to the reopening of the road leading to the property because it may allow hunters to access wilderness, the participation of first nations in the development and the costs related to ramping up the site development. The conditions to resolve this issues haven't been better ever. The highest commodity prices, concerns about restricted sources of supply, favourable political atmosphere and recovering world economy. Management has been prudent about pulling back on operations during unfavourable conditions and planning and executing the the restart of operations, and it has been mindful of the development concerns of the other stakeholders... these resources belong to the citizen of the Yukon/NWT. As long as they don't sell out the stockholders by selling product at lower than market pricing, or fail to run an effective/efficient operation, the prospect for this company are excellent.