Re: Have You Seen This?..Track Record...Komqwatmay
in response to
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posted on
Jul 06, 2008 05:23PM
A New Mid-Tier Gold & Silver Producer - Mexico
Here is part of an article from seeking alph...note the dates...according to this a pour in August 2008 would be 10 Months after the scheduled pour !!!!!!
The budget for the project is about $132 million of which approximately $10 million is in contingency. The project coordinator reported that about $90 million has been spent or locked in by contracts securing delivery and alleviating potential price escalation. This covers most all critical items including heavy equipment and construction materials. The remaining balance is primarily working capital or other available supplies and materials. The company is working to complete the project in advance of heavy seasonal rains in July and August. They are scheduled to begin stripping the deposit and stockpiling ore in mid-March. The company anticipates being fully operational by the end of the summer with its first pour scheduled for September followed by a grand opening in October of 2007.