By 15th round I mean the manic stage in metals pricing, whenever that occurs. Management needs to direct the financial path to that point in time, which of course is anyone's guess. It needs to ensure we don't run out of money and get taken out for next to nothing. Whether it be equity or debt financing, or a JV, we need to avoid usurous financing like the last deal. Since we don't know when the mania will hit, we can't draw a master plan. But we must continue finding and upgrading ounces for the eventuality that ounces will be in great demand, IMHO.
FWIW - this is my unprofessional opinion - that time will occur before we are in full production. But just in case, we have to proceed prepared to take the mines to proftable production. My opinion is that DW is thinking along these lines generally. I just think he needs help with the busuiness/financing end of it.
Strike