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Ann: Quarterly Cashflow Report, page-3

  1. 20 Posts.
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    I would hope that they would be looking to begin mining at Gold Links, rather than further share dilution. Hopefully if more capital is required to begin mining it can be acquired through loans. We are of course yet to see a jorc, feasibility or scoping study yet though.

    The Green Mountain Results are ok but as far as I understand they were taken right outside the mill just to test their target geology for the presence of gold, hopefully we see higher grades with further drilling, in the prime locations they were unable to access - whenever that might occur.

    If all goes well and gold price dependant, once mining begins they could self-fund a wide scale exploration program and prove up the multi-million Oz resource that we are all hoping is there, with only a few months worth of mining needed to raise the required capital. One might wonder though, would they be better waiting a year... If gold is looking to push $3000usd, possibly double of potential profit compared to now - assuming a conservative AISC of $1000us / Oz.

    Another possibility could be a merger of some sorts.

    This is all in my opinion, I'm not well educated on this, just thoughts. DYOR.
 
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