Searchlight Innovations Inc T.SLX

RE: RE: RE: RE: I was just wondering

[MudCreeker]

"Do you have a figure that would be more appropriate?"

Maybe $200 million or so.  A fifth of the number you mentioned. 

Like you said, every mine is different, so citing a number for someone else's project is close to meaningless.  But in this case, we don't have to look at someone else's project.

Genco had an independent study done on an upgrade at La Guitarra in January 2010.  Capital costs over the life of mine were listed as $157 million (pg. 16 of the tech report).  That's for our specific mine, combined open pit and underground, 3000 tons per day, cyanide leach operation, between 5 and 7 million silver ounces (equivalent) per year, 9 year life of mine.

Given the fact that there are always overruns, and there's been 2 years since the study was done, a 30% increase would be a safer bet.  $200 million.  If they decide to go that route.  More likely they'll come up with a different concept entirely which will make even that number irrelevant. 

I don't mind getting the operation in good order first.  That likely will make financing an expansion easier/cheaper, and less likely to include a large equity component (i.e. dilution).  I just wish they could be quicker about it, and keep us informed along the way.  That's just an impatient retail investor talking.  lol

Of course, I may be all wet yet again.