RE: RE: Conf. Call Good summary flymar, they also said that one company was particularly aggressive and was using it's own method to value the project which did not require the completed PEA to be able to make a decision.
They did say they could estimate additional silver from that which is at surface, this would not require drilling. They did say that if drilling was recommended from the PEA they expected that could be covered by existing capital but could not say for definite until the PEA was completed.
They said a whopping $50mil could be taken off the cost of building a mine by getting rid of the BS management fees, what a joke.
Cope eventually came out and said that he felt the reason for the pullout was mainly down to PAAS's current share price. He also said that up to a month ago PAAS indicated that they would be making an offer, but a recent board meeting changed all that.
I for one am very relieved, the drop is not nice and we may have to wait a bit longer but the upside is there is nothing wrong with the projects fundamentals and the eventual buyer will make an offer knowing others are interested. Now a case of when and for how much, let the bidding begin.