OTCPK:GWAXF - Post by User
Comment by
digger144on Jun 09, 2013 7:10pm
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Post# 21504856
RE: FINANCING IS THE KEY????????
RE: FINANCING IS THE KEY???????? Hey Dogwag...
The actual amout they need is 60 million dollars and that includes a contingency of 15 million.
I will repost a response I received from Greg Taylor, Investor Relations.
Thanks for your note. To answer your key question, the $107 million capital difference is made up not only of our not having to build a grinding mill, but also due to the fact that we would also not need to build a gold plant or set up an autoclave to produce gold bars, with the latter two adding another $40 to $45 million in costs. On the other side, the projected $60 million we expect to spend would include (very roughly) about $10 million in refurbishment costs to the Kidd Mill plus $25 million in underground development plus another $5 million for the Feasibility Study, finalizing an agreement with the First Nations, permitting costs, ramp development plus $5 million for infrastructure (roads et al) and G&A plus a $15 million contingency.
I hope this is more clear. I look forward to providing more detail on this later but just now we are limited by our agreement with Xstrata with regard to some of what we can get into.
Regards,
Greg
Regards,
Digger144