Yesterday’s GENM presentationGood presentation from Kerry. Sounds like they've been shopping on craigslist again. Kerry stated they purchased a surplus's or used Electrical Transformer Thing from another mine that GENM will need when they hookup to the Canadian Power Grid. Good Job. Add that to the used construction camp and surplus ball mill they purchased early last year. Saving investors money already.
Kerry also stated even with inflation and the new CAPEX numbers and latest metal prices The mine should make an after tax profit in it's first full year of production of about $300 million. Even with some Share Dilution because of financing requirements that still works out to about $1.50 earnings per share. I like that number !!!