Re: Exploration vs Near Term Producer
in response to
by
posted on
Sep 02, 2008 10:55AM
Producing Mines and "state-of-the-art" Mill
Sarlock,
Is that not already priced into this sp. Is not the fact that soon this mine will be in production not priced into this. I bought into a story. I have followed that story. I have watched around me and seen what they have accomplished and I have seen the delays.
Permitting delay brought us into winter.
Record cold winter - generator broke down
Problems with the ramp that took a month and a half
Now we are finally getting close to preproduction and the economy scares everyone.
We look at production figures and they can change but now we have to prove up results. Well I am ready to wait out this. We have not even heard of exploration results. Look at how tenacious this company is to keep on confronting problems. We will succeed. I believe that in my gut. And if the price of Ni stays down they will mine more to get that revenue stream going. We don't even start talking about Hart. It will be a much easier prospect because the permitting should not be nearly as difficult. Much of the infrastructure is in place. There is a whole bunch going on here.