GREY:MWSWF - Post by User
Post by
aweighon Apr 02, 2015 10:13am
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Post# 23591046
Someone got cold feet, worried that I missed something in
Someone got cold feet, worried that I missed something in M.D & A but I don't think so. There was a foot note about the viability of the project if Galena et al discontinued financing but that was written before they injected all the cash needed via the 280,000,000 share PP @ .12 . If the Co. needs a bit more money to complete the mine are they going to walk aweigh from their $ 33 Million and let the Co. fall into bankruptcy. Seems unlikely . I suspect they injected more than enough money to get the job done and probably a buffer too.
That study on Dikulushi could prove very interesting. The ore is there but I believe they couldn't spend the money needed to optimize that mine because they needed the cash to complete the build out of Kapulo. Once Kapulo is up and running and the Dikulushi study is completed I think they'll throw some money at that mine and we will have two high grade mines throwing off cash flow at the same time, not just one.
Galena will get it's .12 back and then some is my guess.