According to the September quarterly report, GTM are the manager of the Chariot project; they have lodged their feasibility study with their bankers; if approved the bankers will release $5.5 million for construction of Chariot. Expected start Dec 2002; plant refurbishment Feb 2003; first gold pour June 2003. Looks like they can go on alone provided the bank agrees. Note that at 4c/share, they look for a P:E of about 2.7:1. With a mine life of 4 years but open at depth, this is one to hang on to!
GTM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held