L T.
Do you guys complaining about the $2 have any idea what it has been costing the company to hold the Peru assets?
I believe it is around $100,000 per month.
We can't just stop paying the retained people there, so I believe, because of the laws and so we are stuck. But don't let the truth and commonsence get in the way of your rage.
Working with that means that at the end of one year the company will be $1,200,002 better off, and double that after two years.
Forget the two bloody dollars, look at the whole picture. Look at it as saving $1,200,000 per year.
My opinion, for what it is worth, and I have been in it since the beginning of this whole schmozzle, we would never get the approvals we needed, and then if we did, we would not have the money to operate to exploit them way over on the other side of the worlds second largest ocean.
Even air travel from Oz to Peru is difficult because there is little demand for it.
They are socialists over there, a more complimentary way of saying communists, and like socialists everywhere have no understanding of business.
Probably if we found anything they would seize it anyway.
Lockitt
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