I have a different take on the matter.
in response to
by
posted on
Nov 01, 2008 08:52AM
Camino Rojo Mexico : In-situ - 4.0 million ounces gold; 68.32 million ounces of silver.
Blane and I spoke about how difficult it would be to get financing in this market quite extensively.
It is my opinion that that will depend on if the market values us very differently than now.
We will not be doing a financing at these levels.
I repeat...
We will not be doing a financing at these levels.
Every Major has contacted US.
We made a very significant discovery at a time when the Majors are flush with cash and need to replentlish their reserves.
When the resource estimate comes out they will all contact us again... and after the Metallurgical Results come back before years end I am quite sure the phone will be ringing off the hook.
Management will maximize shareholder value.
IMHO it would add many new risks to mine this deposit ourselves...With dilution being near the top of the list.
Cash is King.
And with metal prices on the low and earnings out soon.
Cash would have a value multiples of itself.
Something to consider when the vote comes out.