RE: blah blah blah said gob >>>>Dec is obviously not a production miner, accidents like you describe are extremely rare and would not be weighted enough to come into play.<<<<
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Obviously gob isn't a loan officer at a major bank, nor a production miner. Mining is a risky business. Things happen underground that not even the best managers can anticipate and when they do happen they can be catastrophic in nature. You think GG had bad management when it lost some Red Lake production earlier this year because they needed to destress some stopes? Did AEM plan to have water flood problems last year and ground subsidence causing a complete shutdown and write off of the Goldex Mine? Did CGA plan for the pinion gears on its BIG Mill to fail and cause a reduction in production? Oh, and anyone who claims that mill operators could never cause an issue that would damage the plan of shut it down, need only look as far as the failed lubrication system maintenance at the Lamaque Mine's primary crusher that knocked WTG off its operation plans and lead to WTG defaulting on its loan and loosing that mine and a second mine to the bank!
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Nah, don't worry - no risk in mine operations.... nothing to see here! Don't worry, be happy? Take another red pill! Risk isn't ever considered when making loans - just the fact that management are nice guys.
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But glad to see that there are so many loan officers on this thread that are lined up to loan CRJ the money it needs - with no consideration of cash flow potential, ability to repay, no collateral and no consideration of risk. If one of these guys would just step forward, CRJ would have an easy time getting the money!
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