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Message: Re: Macod

Jun 18, 2012 06:47PM
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Jun 19, 2012 03:06PM

Following through with the mill is a good idea imo. I want drilling asap and so does pq imo. But with a completed mill and a (hopefully) soon to be permitted leaching system, we are basically guaranteed to survive. With a mill that is cash flow positive even if it takes 6 months to build out the cyanide system, we are independent of the financing guys who have sfmi by the ballzzzz. The financing guys will know that we won't need their money at that point, so sfmi will have some leverage. As opposed to just about EVERY other junior out there in need of cash.

So continuing full speed ahead on the mill is a good idea in terms of negotiating leverage imo. But the drills are the most important and exciting thing for our near term prospects of share price appreciation.

JMO.

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