PRODUCTIONS COSTS? FUNDING? MGMTReviewed the presentation for the PDAC on the website, as usual, George Reed does an excellent job. In fact, George should be the head of Shore and Ken should step aside as a consultant. My 2 cents.
But, its still the Costs to bring this mine into production, SGF holds to the $2 Bil rounded figure, some outside parties say it will be higher, I have seen numbers of $2.5 Bil tossed around in the public by other parties on Stockwatch. Usually, as we all have learned, there is always cost over runs so the higher number has some substance.
The question where and how is SGF going to raise $2 Bil plus, issue shares?? at 20 cents?? The Funds are not there for such projects in todays MKTS and going forward projected even tighter Financial MKTS. We are in a Bear MKT for resources and for alot longer than many resource companies and investors think.
Then we have many large Resource Companies selling or getting rid of assets, such as advanced stage and producing properties.
Right now SGF is in limbo, George Reed knows what he is doing its the Funds needed. Perhaps some day.
All the above in my humble opinion and based on public reports, Shore's presentations and long time knowledge of Shore.