Re: Damage Control
in response to
by
posted on
Sep 19, 2010 03:05PM
(Edit this Message from the "Fast Facts" Section)
Spiny,
Could you please elaborate on this statement?
"They are producing gold and silver, are working on ramping up production, and are generating enough cash (by using the stockpiled gold and silver as collateral) to fund everything they want to do."
How is the cash being generated if they don't sell any of the concentrate? Are they taking loans and using the concentrate secure the loans? If so, how much is it costing on a daily basis to run this operation? I don't understand how they are paying for any of this if they are not selling concentrate? It appears to me that they are taking on a lot of debt and then on top of it there are the payments to GHDC? How is this being paid? It cannot be cheap to be running that operation... How much does it cost each day to run that mill?
Anyone ask why the whole family is on the board of directors? What qualifications do they have? Anyone ask this question?
Anyone know how much concentrate they have stockpiled? Did anyone give a rough estimate as to the gold/silver ratio? They must have a ball park figure?