Post by
2investorknot on Jan 06, 2010 10:41am
Zinc and Lead above $1.15 - Scotia still on mainte
Just can't figure out why managment has not announced plans to reopen Scotia.
Comment by
Knuckles2 on Jan 06, 2010 11:15am
I hope that if they do we'll get a nice move in the stock. The first time around the stock tripled when they opened the mine. Maybe we could go from 8 cents to 24!
Comment by
rozelli on Jan 06, 2010 12:10pm
They are probably cleaning the dust off the mill equipment as we speak...great entry point for a gold spec with production lead/zinc..
Comment by
GoldNHill on Jan 06, 2010 4:02pm
I suspect the reason is related to the fact that they would probably require several million dollars to reopen the mine...not sure where the cash will come from...hopefully not more dilution.
Comment by
2investorknot on Jan 07, 2010 12:20am
The mine has been only on maintenance. Start-up costs would be in the millions?If my memory serves me correctly, I believe their production cost was about .48 cent or so for zinc or lead. Looks to me like it is actually a way to increase their cash balance not create more dilution.