Intersting discussion. Ajostu makes very valid points as that is...

Intersting discussion. Ajostu makes very valid points as that is the known history of the mine and the challenges that have not been overcome by previous owners. They are the facts. I read the previous reports with concern on whether this is a wise venture. I honestly don't know at this point.

What we need from FNT is the plan to overcome these issues. The release this morning does little more than restate the information from yesterday. What we don't have to is the presentation tomorrow, what is being said on to of the ppt, that is what is important. The conversation paige will have and responses to questions at that forum.

As for getting production costs down to $900/ounce, great but we need to see the plan to do that. At present it is all theory and hasn't been achieved by previous owners, is it a reality of the site or simply bad management or methods at the time? As I'm sure previous owners tried what they could to make it profitable for their own interests.

Is there an exit plan in the agreement if it goes pear shaped?

As for CR, as others said it will be stages. But I imagine their will be a consolidation at some point and then further raising a required. Maybe borrow against the value of the venture?

The big issue of SI politics and how well the local land owners will take ownership of the project and see it as something to value to build for their community, or continue to abuse it? That is a variable that we don't know, But we know that PM has been great at building productive local relationships.