RE: RE: RE: No Fool - Just Maybe ?? Mill Has Value On what basis do you say that most of the mill equipment has been sold ? Is there a financial statement that reflects income from asset sales ? Does ADEX still place a replacement value of $84 mil on the infrastructure ?
If you are speculating that assets have been sold without evidence to back that up, that's dangerous.
It's also dangerous for a non-expert to comment on the Tech Report because it is over 200 pages and needs to be interpreted in whole by a knowledgeable person. ie. If some results are disappointing, are they balanced by other positives. As I read it, if mineral recovery by one method is not good, it may be better by another, so that putting the flow together (ie which processes & which order), is critical particularly when you are extracting & separating a number of minerals.
You are right about GH's problems and the overall world economy and specifically how it affects financing Jr mining co's.
While several have focused on shareholder value being reduced to the infrastructure, any company that wanted it would want the mining rights as well and would have to pay for that & the exploration & technical work done so far. Wolfden, Geodex, Northcliff would all see the full value in the property, but might not have the capital or ability to raise it. A buy out by a major would look good right now and while they are all holding back because of the economy and world commodity prices, the work to date combined with the existing infrastructure would make it a safer play than starting from scratch.