Key production risks and assessment
posted on
Sep 19, 2012 06:11PM
LC laid out a few of the technical risks that we face. A good summary. I am not in the mining field. I do ask a lot of questions though. The contractors involved in building the local New Afton Mine (NGD.TO) have many years of experience. They explained the risks. Their mine is not in a harsh area, has infrastructure and a major company with the where with all to move forward. If you read the JSMineset article about financing, it lays out the difficulties of a company with a undervalued SP and no cash. Was our SP capped for a reason? Who knows. Will we be forced into excessive dilution as I have stated before? Possibly. Will a deal be made similar to the Cluff deal? It could work out well for us if offered. Some one will do well. Hope it is us. Cheers, Woody