OTCPK:CRZNF - Post by User
Comment by
bilarooon Jul 20, 2017 5:32am
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Post# 26489239
RE:Lifestyle company CZN
RE:Lifestyle company CZNTo my knowledge, the Sandstorm offer of a minimum of $90,000,000 is still on the table? I believe CZN met with Sandstorm the afternoon of the AGM. I think CZN might stream some or all of the silver but not the zinc. I don't know what that would do to the feasibility of the project, maybe Sammy could help us out there? But at 1.7 million oz's a year It would only take 3-4 years of production for Sandstorm to get their money back.
So with only a few weeks or a month and a half to go before the Road decision and the "promise" or the DFS around the same time, I thinks it's worth the wait.
Some or all of the financing "could" be happening shortly after that.
There is still the fed approval, and then several months of permitting to consider, so it's hard to see construction starting anytime soon (not this year).
Lifestyle company? I sure hope not. We will find out in 30-90 days.