RE: Risk Factors
High/unprofitable unit production cost - If a tolling deal is consummated, wouldn't that have a material impact on the cost/oz? The answer is obviously yes. So, my question is do: A) You don't believe that a tolling deal will be done?; or B) You simply don't believe they can competently implement a tolling deal and therefore there will never be any reduction in production cost/oz...
The question here is why?
Why would a Ceo of a company with 30 Years of stockpiled orphan ore, sign a milling deal?
That like anchoring beside the Titanic and offering to buy its gold as it sinks. Would it not be prudent to let V.G go broke and make an offer to bond holders? Company has put a Poisson pill in place, making a buy out a nightmare. why sell your milling, when you can buy a rebuilt mill on the cheap?