TSXV:RZL.H - Post by User
Post by
pandah63on Sep 18, 2012 10:43am
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Post# 20379427
permitt
permitt They have had the small scale permitt for 3 or 4 months now using a local that has this permitt he transports the ores for a fee which is good for him,also was told that he, the local guy might get more of his family on the same permitt so they can bring that much more ore from mine.They make 200k a month this way which alows them to work the bugs out of the mills and cil plant.The provincal goverment is on board hence small scale mining but its the federal gov thats the sticking point.I really don't think you'd have anyone taking down even small amounts of a p.p. if you thought they would never mine at a larger scale.The company has a giant burn rate probably 1 mil a month, so the latest pp is almost spent again,so why put up another 600k in the latest round of financing just throwing good money at nothing,that would make no sence to me.