GREY:COLUF - Post by User
Post by
thebeek02on Dec 10, 2013 11:59pm
290 Views
Post# 21992872
Now what?
Now what?as of 3rd qtr. financials. CSI owes $107mil, plus $75 mil with Sand, and is only 30% complete with under engineered dewater system ...
After a renegotiation with CSI's 1/3 partner, as well as their debtors, plus another $50mil to redevelop pumps and plumbing, a buyer would have to be certain that this highest tech mining engineering effort could actually make money at $1250 POG.
Of course by the time all this banter might transpire, gold could cycle $1500 -$1800, back down to $1080 before it's blast off to $3500 ?
The dang POG is killing these projects.