I have been a shareholder with NVI for several years and this announcement IMHO is a going to be a significant move forward to financing and production.
I feel that the board is very strong with significant depth and a wealth of experience. For example take a look at Taj Singh if he can bring the experience he has gained at Timmins Gold we should do very well over the next couple of years. Take a look at Taj's recent presentation on Timmins Gold, link below. Some of his key learnings from Timmins Gold have been:
# Subcontract mining, reducing sustaining capital and keeping costs low. # Bottom quartile production costs per ounce # Great generation of free cash, resulting in self funding of the project in Mexico and no additional shareholders funding since 2008. # Continued growth of resource and focus on increasing production quarter on quarter.
Let hope Taj can bring the skills he has learnt to NVI. If he can this is going to be one great experience.
