RE:RE:Follow The Yellow Brick Road...Hey easycoder...
Actually the "delay" has worked in our favour...extracting gold at the current spot price and even higher prices in 2023 and beyond...the Copperstone Mine will be a money printing machine.
A small press at first...but...significant growth moving forward.
Financing is the question...we need another $7.5 million US for start up money...yes, we are about to receive the final tranche of $6.0 million US from Star Royalities but that is most definitely not enough.
The delination drilling @ 6.5 metre spacing has demonstrated the exceptional high grade that makes up a significant portion of the deposit. Bonifacio has the option of a share consolidation of up to 1 for 10.
However, my gut feeling is now telling me that he was waiting for these type of results in order that he may convince a lender to put up the funds necessary rather then do a share consolidation and subsequent money raise...I am most definitely all for that!
Financing by a lender at this time will be most ideal...no share consolidation...no dilution. The positive cash flow will be more then enough to pay the bills and fund future exploration drilling.
Looking Good!
All the Best!
Digger0144