Well Done Jim ... Thank You for the MD&A
in response to
by
posted on
Oct 30, 2008 03:14PM
Old patch hounds like me feel every injury every season cycle. I breathed a giant sigh of relief when I saw this posted.
Thanks Highgrader
My simple cyphering puts the cash flow from La Yesca at $3,5 million a year in $USF based on $700/oz Au and $9.50/0z Ag and 70% recovery.
Compare this to our present burn rate of $3.2 CAN million a year.
So all we need to understand now is our operating costs for the mill, and that will come with the economic feasibility study.
Long story cut short ... we will not need a huge PP to make this fly. Many options and warrants at $.40 - $1.00 a share.
Thanks again Jim, it is comforting to have a pro with his heel into the throttle.