GREY:VITFF - Post by User
Comment by
givemeabreak1on Jul 10, 2024 1:01am
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Post# 36125699
RE:RE:RE:RE:How much did the Heap cost? Run the numbers ppl! :)
RE:RE:RE:RE:How much did the Heap cost? Run the numbers ppl! :)MD
Not to confuse things there are two distinct things we are talking about. One being environmental and the other being economics. From the environmental standpoint you are correct it appears that they may have contained much of the much of the treated ore but the amount of cyanide is still substantial. From an economic standpoint whether they lost treated gold or untreated gold they still lost an enourmous amount of gold........Just cannot see how they survive and said that since day one even though people were jumping in thinking it was oversold. Add up the debt, the cost of cleanup, the lost gold and it appears to be going to zero. However, as I have mentioned before when a company goes to zero or near zero does not mean they go out of business. Chapter 11 is simply a reorganization where debt holders essentially take the company and shareholder are diluted to zero or maybe 10 cents on the dollar. Yes bankrupsty is the other option where assets are liquidate at fire sale prices and shareholders are still diluted to zero. Either way shareholder take it in the backside.........