RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:wouldnt mind it drop more cause i missed buying at 12 centsif they suck out again..............i think youll have your answer.
if they come out with great news, it will be a decade in the making!!!!!!!!!!!!!!!!!!!!!
checkmate28 wrote: Larry we need the unanswered questions on financing and development answered. They should be reporting production numbers any day now. Hopefully they have all the good updates within the report. The OSP consists of a plant expansion to treat ore stockpiled at the Don Mario mine from previous years of mining activity. After analyzing an economic way to treat its oxides stockpile, EMIPA concluded that a sulfidation circuit would maximize the value of the stockpile. EMIPA has completed the quality assurance (metallurgical) testing, engineering plans and CAPEX and OPEX estimates. Subject to securing sufficient funding, EMIPA is focused on commencing the construction of the OSP at the Don Mario mine and subsequently operate the treatment facility to treat the oxides. The OSP is projected to operate for 35 months, starting after a 13-month construction period. The proposed OSP financing structure includes:
- US $47 million Bonds Offering, as the main financing source, for CAPEX;
- US $33 million working capital during construction and ramp-up phases (including without limitation, equity at the EMIPA level and a prepayment facility with third-parties that the Company is currently evaluating); and
- US $3 million bank debt in Bolivia , which had already been secured in fiscal 2023.