GREY:VITFF - Post by User
Comment by
givemeabreak1on Jul 27, 2024 12:08am
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Post# 36150898
RE:RE:RE:RE:RE:Yukon and Water Board are Not Messing around,
RE:RE:RE:RE:RE:Yukon and Water Board are Not Messing around, Mr Brown
You are now getting closer! If you look at VT original FS it will give you an idea of recovery rates in a H/L. Sort of like the law of diminishing returns. Can't recall the exact number but generally speaking the first 50% is recovered in the first 45 days or so then the next 45 maybe another 25% balance to 120 days. These are just general numbers as they vary by mine and I am too lazy to go back and read the report...
So let us say for simplicity 50% recovered but much of the solution was lost if I understand the reports correctly. If I recall correctly they lost some 2-4 million ounces of stacked ore so what 40 million ounces to 80 million ounces of gold????? So we are talking a pile of dollars. Then some reports talk about alot of solution not captured again millions of dollars. Add in million just to service debt with no cash coming in.
Add in millions of operating costs and balloon payments for leased equipment. As for the pond I have no idea what you are talking about. The pond contains solution so it is dug out. However, if I understand the report correctly it should have been like a swimming pool dug out lined then filled. This apparently was dug out filled but not lined.
As for Creditor Protection it is a great thing for employees as the company if viable can continue to operate and employ them and if all goes well come out the other side. It can also be a good thing for un-secured creditors if the company appear viable! It allows the company to receive new financing and if they continue operation many unsecured creditor could get paid at least so many cents on the dollar. A bankruptsy on the other hand ends up in a company's closure and liquidation which means assets are given away at firesale prices sometimes a good thing for secured debtors as they recover much of their cash fast. Unsecured creditor, trades and shareholder get little or nothing. That said, shareholder get little or nothing whether it is by way of CCAA or Bankruptsy.
Time will tell but I would not use your money to buy shares and I have said this all the way down................