good feed backIts good to hear the positive feedback from local people, the people at red Pine have the know how to make this work.The true question on this project is raising capital. This is a massive undertaking and partnering with another site or another mill makes perfect sense. I am familar somewhat with Argonalt who are moving forward with their Magino development. Gold Corp's recent purchase of probe in Chapleau breathes new prospect into the idea of a custom mill in the wawa area, perferrably on the Essar steel site. If the tonnage of the mill is high enough, its well worth while and cost saving would be huge, not to mention the speed at which these projects could get rolling.
If two to three of these companies formed a joint venture company to set up a custom mill, you then feed the mill with ore from your individual companies for a fee or a net smelter. in this day and age you almost know for certain what type of grade your bringing to the mill. One mill, maintance, one set of employees, the list goes on. how to raise capital?? your make a public annoucement that AR/ RIC and RPX are forming a new joint venture company for a custom mill, they each bring $10m to the table ,each company gets 2m perferred shares, you do an IPO sponsored by BMO or RBC and do an initial offering at $5 per share with 40m common shares being offered. You've raised $200m in capital plus the $30m for a total of $230m to start the project, not to mention the government funding for creating a massive amount of jobs and bob's your uncle. The road work from magino to the essar site is not a huge under taking, a new power line is planned already for that area at $250M, There is enough waste rock from previous mining to lay the base. What the area needs is some smart thinkers and a couple of companies to come on line. This all can take place in a timely manner, in return the participating companies now have a bottom line that looks great and a cost of production per ounce down near $500. With a cmpany like Richmont, they could double there profit margins and reduce staff on site. just some food for thought.