AAU antilles gold limited

Very much agree Plough. What is also rather good/bad is it shows...

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    Very much agree Plough.

    What is also rather good/bad is it shows how profitable PGI will be when it does actual feed in higher grade tailings. Even with the low recoveries being achieved, PGI is still making a healthy profit!

    The $55 million is after all debt and interest is paid off, if the refinancing deal comes off, the numbers will change dramatically, with a positive outcome. All the more so if the debt is rolled over into a longer term package (which will allow Polaris to kick in).

    Anyway, it was interesting to note that PGI believes there are more concentrate/ore that might be sourced from Canadian companies in the nearer term.

    I do think the refinancing is taking the lions share of the companies focus right now, once that is secured, even more focus will hopefully be made on securing more ore (that will actually have high recoveries).
 
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