Next week
in response to
by
posted on
May 14, 2010 05:54PM
(Edit this Message from the "Fast Facts" Section)
Next week looks like a real convergence. It's been announced :
1. That the mill will begin producing gold and silver for sale on Monday (not sure if it means shipping concentrate to the smelter or the smelter refining previously shipped concentrate).
2. That work on the Sinker Tunnel will begin on Monday.
The $24 question in my mind is how is the reopening of the Sinker being financed before revenue from selling gold and silver starts? Is it backing from the same source that financed the mill or another source of financing? Does it have anything to do with initiating the listing on the Brazilian stock exchange?
So next week we should see news confirming the start of work on the Sinker, news about the production or sale of gold which may also include information about the grades ofmaterial being processed, and maybe some news about financial backing.
Next week should really be interesting.