OTCPK:MALZF - Post by User
Comment by
mtsuiton Feb 14, 2012 1:16pm
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Post# 19532230
RE: RE: random thoughts
RE: RE: random thoughts Will be interesting to see how much of the placement is taken by insiders.
An open pit heap leach mine in gentle terrain would be profitable at a grade of 0.5-0.6 g/t. Doesn't cost any more to mine or process ore at a grade of 1.5-1.7 g/t - the extra gold goes straight to the bottom line. This will be hugely profitable - they just need to get it built. They might need another $30mm. How much can they borrow? How much can they finance by selling a stream or royalty?