TSX:LSG.DB - Post by User
Comment by
shawkon Oct 20, 2015 11:21am
226 Views
Post# 24208573
RE:Tony - Set in Motion Fenn Gib - Release updated Resource
RE:Tony - Set in Motion Fenn Gib - Release updated ResourceAnd just where is Barrick going to come up with $120 million even if they did decide to opt in? This is a company that is drowning in debt and is selling its producing mines at fire sale prices in a desperate attempt to pay down its massive debt. The chances of them investing in assets that wont have cash flow for at least 5 years are slim to none.
Right, we'll have Tony shut down exploration at Timmins West move all the drills to Fenn Gib and leave our mill without any reserves to continue production on the oft chance that Barrick might back into Fenn Gib.
Give it up!