low grades, page-25

Yeah well if the valuations based on current revenues ok.
You cant take the debt serviving of the expansion capital throw it on top of the stated toll trating revenues and say 1+1=2. How the heck does any business get start-up capital using this logic? Do you take FMG and rubbish its market cap based on the cost of phase2 expansion V's current revenues. No the cost of expansion is paid for by the increase in capacity, productivity and Profitability. Let me spell this out for you, "minings all about economies of scale"


The stand alone treatment plant takes this to a different dimension in terms of revenues.

The addition to the JORC was low grade.........why? The intention was to run it through their own mill.

Look in a little over a month youve had
A toll treating agreement with Barrick
Confirmation the grade is 4 with expected improvements
First revenues
A deal to toll treat another companys ore improving economics.
A 68% increase in the JORC
A commitment to secure development capital with debt NOT equity.

What do you want? What can you possibly ask of a start-up beyond this type of progress?

One posters pretty obviously flamming doubts with nonsense like......"No Gold left" and just in case you were slow to catch on its been posted under the highly explosive thread title "Low Grade".

Im backing them. Get to the States and get that money.
Whats the issue? The back of the napkin Construction cost estimate? Get Real...let this guys manage or conversely get a life and move-on. Debts never been cheaper. I appreciate the zero dillution. Lets gear-up and blast-off I say, if you cant handle this agressive management there are other place to be.