RE:RE:New Company PresentationGood Info Tad, Thanks. Everyone owning this stock should know of the country risk and obviously you only have to look at the nothing burger news in late Oct on sanctions to see how fast the stock dropped and how slow it took to recover even with the company almost immediately saying it had ZERO material effect on them.
Just today, those who bought just after the Oct sanction news in the .37 to .44U$ range saw their investment in those shares double. Nice uptick in share price hitting a day high of .86U$
In regards to Tads very informative post on how far the new mine is from the mill (400km) and his seemingly spot on the numbers on trucking costs/profits etc. I want bring up some positive risk factors. What are the chances that anywhere in the US or CA would allow a steady stream of very heavy (25 ton) ore laden trucks to travel very slowly day after day on a public road? I was involved in a company years back with a gold mine in BC but they needed to truck ore 50-100 km or so over a public road and all kinds of issues came up using just 10 ton trucks. So the trucking of ore risk is a much bigger country risk in the US or CA.
Then go to the huge country risk of permitting a new large pit mine in the US or CA. How many studies by how many different groups and in CA you have to include the First Nations communities who have stopped proposed mines, but all of the different groups and regs you need to approve a Pit mine. But even if you can get a pit mine eventually approved, how long did it take and how much money did it take just to complete all of the studies? So, a huge country risk on new Pit mining in the US and CA. And didn't I read it took only 18 months to get a new pit mine approved in Nicaragua? There is a huge country risk that a similar mine would never get approved in the US/CA or take so long that a company with no production yet but tons of known gold reserves in the ground goes broke or has to be sold for pennies on the $ while waiting for an approval for both a mine permit and a mill permit.
Add in a needing a new mill, what country would be mostly likely to approve a new mill in a timely manner if they would approve one at all?
disclaimer, I just realized this long rant was written subconciously to reinsure myself why I am so overloaded in this high risk stock. As I surely do not deny the high county risk in Nicaragua. So, buy at your own risk not on my obvious pump.