RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Market does NOT like Good mgtmt decisionThere's probably room for both mills in Quebec, which is dying for new tax revenues and jobs. The problem is trucking the ore would put such a dent in operating profits. And I don't know of any major mining outfit planning to mill 3,000 tpd could conceive of such a plan. 300 loads a day?
Just the extra transfers and gas would sink this. So in the end its not practical.
If gold stays where it now the payback period would be two years accoding to the PEA. Attracting financing via streaming and conventional bank loans combined with hedging at $1900 would be enough. There is another $100 mm in funds from unexcersised warrants.
This company wil have to do what it must to get the price up to $5.25 for this cash, the rest will come. This is a hghly profitable and financeable mining project, with tonnes of upside. The catalyst is the gold price. And that is happening now.