The more I think about it, the more I say GoldFever has it exactly right

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striketheroot2

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The more I think about it, the more I say GoldFever has it exactly right

posted on Nov 02, 2011 10:57AM

If you are honest with yourself, you must admit that a bank will not lend you $175 Million when the market values you at $30 Million. The analogy is to expect to take out a mortgage on your home that is 6 times its appraised value. Won't happen.

We need to be patient and get our stock price up. If the FS, permits, more reserves/resources, et al gets us moving in that direction, great. Any market tailwinds will help. But if bank financing is to be a significant fraction of the funding, we need to break the 50 cent barrier first.