Re: News (gwr1)-basserdan
in response to
by
posted on
Jan 23, 2010 12:58PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Can't post the document for 3 reasons: don't see it on Sedar yet, it is 27 pages long, it is a pdf that I have, The page gwr was referring to is:
The Company intends to use the estimated net proceeds of the Private Placement principally as follows:
Exploration and development
Underground deep drilling at Santa Juana.....................................................$1,600,000
Drilling contractor, or 5,000 meters at $200/m...............................................$1,000,000
1,000 samples assays at $50/sample.................................................................$50,000
200 meters of drifts at $2,000/m.......................................................................$400,000
Supervision by geologist and assistant for 6 months at $15,000/month............$90,000
Various supplies, transport, etc...........................................................................$60,000
Underground drilling at Santa Juana for north-western extension of veins.....$850,000
Drilling contractor, or 3,000 meters at $150/m.................................................$450,000
2,000 samples assays at $50/sample..............................................................$100,000
100 meters of drifts at $2,000/m......................................................................$200,000
Supervision by geologist and assistant for 4 months at $15,000/month..........$60,000
Various supplies, transport, etc........................................................................$40,000
Surface drilling at Terneras.................................................................................$550,000
Drilling contractor, or 4,000 meters at $100/m ...................................................$400,000
1,000 samples assays at $50/sample....................................................................$50,000
Supervision by geologist and assistant for 4 months at $15,000/month...............$60,000
Various supplies, transport, etc.............................................................................$40,000
Mining and Milling
Santa Juana Mine Equipment...............................................................................$800,000
Two scooptrams at $250,000 each......................................................................$500,000
One underground haulage truck..........................................................................$300,000
Santa Juana Mine Equipment:
Ventilation equipment..........................................................................................$100,000
Chicago Mine Equipment:
One scooptram....................................................................................................$250,000
San Mateo Ramp:
500 meters at $1,200/m......................................................................................$600,000
Cyanide Leach Mill:
for flotation cells..................................................................................................$250,000
General Working Capital...................................................................................$6,347,042
Total ...............................................................................................................$11,347,042
Excuse the formatting - best I could do.
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