BB, from memory what JG said banks would need to see stability in the gold price not necessarily a higher POG although it wouldn't hurt obviously. As mentioned a few times now I modeled this project for a bank for PF off a $1200 POG & it still made good money. So with the POG at $1470 it is even better & as long as the banks get a sense the wild volatility has gone out of the market then they will be more comfortable to bank.
MJA, again on the negative. I wouldn't mind if your comments were objective, however they are off the mark imo. You say from 'personal experience'. Have you financed or project financed a mine? You may well have, however I suspect you haven't modeled this project. At the current POG it makes very good money & would be very bankable, however the volatility needs to come out of the POG as mentioned above.
MYG Price at posting:
4.3¢ Sentiment: Hold Disclosure: Held
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