GREY:PGDIF - Post by User
Comment by
schocoron Mar 29, 2018 5:27pm
34 Views
Post# 27805703
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:What is a JK? Why is it a gospel on numbers?
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:What is a JK? Why is it a gospel on numbers? I think I take the most offense to the mention of the $.10 financing necessity. Yeah we have done one recently - and it was a reaction to a funding partner pulling out of funding project per management. As someone intelligent said recently we COULD simply ice the project until conditions improve. I don't recommend it - but I have worked at mines that have never done a FS. You usually need something this formal to borrow money from a bank - but is a FS really the next step logical in out development? If not - we don't need that money now do we? Exploring/testing Ch1 and Ch44 is the next step - in my mind. In the spirit of making up numbers - I think PGD could borrow $540M in project financing from the Nunavut endowment fund at a rate of 5.4% because this is the rate they have loaned money for small business startups in Iqaluit. Pointless last sentence wasn't it - it did give us something to work with but I would argue that we are better off without that information.