RE:Michigan.....Aaaaaargh,
I was also thrown off a bit today with the additional financing. I really don't mind 30 mil vs. 20 mil, but I agree that their communication with this is odd. Why not just announce 30 mil right away??
At the end of the day I still trust Mark Cruise and want to invest in him and Trevali. He is very bright when it comes to mining and Trevali overall has done a great job bringing their mines online. I've seen countless disasters happen to companies trying to reach production. I was heavily involved in Colossus Minerals and I saw their mine development completely tank. They were "fully funded" and "ready to go," but overlooked dewatering. Their executives turned out to be totally clueless to the ins and outs of mining. Needless to say, their shareprice went from $4.00 to nothing in the matter of months. There are so many other companies from the tsx or venture exchange that I could list with similar issues. I sleep well at night knowing that Mark knows what he's doing and that he will bring these mines online successfully.
Also, Mark is smart enough to not make promises years out about expansion. This is why he kept saying he if funded through the commissioning process, but wouldn't expand beyond that. He has nothing to gain by saying that Stratmat will be their next priority after Caribou, and that he will look to bring it online in 2016/17. If he were to do that, the company would look bad with any delay or issue that came about (or if the price of zinc stayed flat/dropped). I believe he plans to bring Stratmat into the mining plan at Bathurst, and I believe he will expand the Santander mine as well. I would guess that both of these could be completed by 2017. In order for this to happen he needs enough cash on hand to continue drilling and expand the resources, complete a PEA study (Stratmat), and roll into construction.
Great post as well. And best of luck to both of us as well!