GREY:PGDIF - Post by User
Comment by
racer-xon Apr 10, 2014 1:48pm
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Post# 22436016
RE:RE:RE:RE:RE:RE:RE:Stornoway
RE:RE:RE:RE:RE:RE:RE:StornowayI see the PGD mine startup 2018 with one year breakeven so financing won't be an issue, low risk with $600/t ground, $10-20/sh with dilution.
Unlike SWY where the breakeven is six years or more, the stockholders are the ones at risk with $150/t ground and most of it underground. The bank, bond holders, and gov own the mine now.