RE:RE:RE:RE:RE:Caught with their pants down!!! LMAO
frankman If you re-read the PR you will see that
"The total purchase price to be paid by Timmins Gold to Goldcorp for the Plant is C$8.0 million to be paid as follows AND
Timmins Gold's CEO Bruce Bragagnolo states "The purchase of the El Sauzal Plant is projected to save in the range of US$40-60 million in initial capital expenditure when Timmins Gold constructs Ana Paula, not only in terms of equipment and infrastructure direct costs, but also indirect costs and EPCM costs
One would realise that normally any management team would project cap-ex of a mine based on them buying brand new equipment and not used (when you buy a used car or used house compared to brand new which of the two you think is cheaper ???)
IMO the rest of their cap-ex to get ana paul running will not be 100 mill as this management is known to be conservative and not over promising like a lot of others. Also I think if there was dilution coming worth 100 mill down the road as you state , the SP should be trading well below $0.30 PP by now