CYM has just suspended itself until the end of March when much heralded finance fell through . It looks dire for share holders there .At best a big SP drop at worst VA. CYM had a challenging amount of money to raise through a bond issue and a large contingent equity raise for a mine that had failed before .
I hope that does not affect the share price here because HGO's situation is in no way comparable . A very small amount of capital required to start up , a fair amount of which is just working capital until first revenue . Any start up cost over runs will be quite modest and a proven plant in identical ore it successfully processed previously .
A mine life that is longer than that required to pay back loans and is extremely likely to have a mine life that will be multiples of what has been proven so far .
However Markets being Markets if we suffer contagion I will see it as a buying opportunity .
HGO Price at posting:
6.4¢ Sentiment: Hold Disclosure: Held
