Re: Good Questions deserve Good Answers
posted on
Mar 21, 2012 12:58PM
Good posting Aafab.....my only comment on last update NR from Gary...is that we have learned a great deal about bringing a small scale mining operation into production...the learning curve over the past 4-5 years..is in fact something we can take to the bank..IMHO.
It sounds like we are staying with the original strategy..ie small boutique mining in Mexico. I would guess we have a great deal of knowledge in this area...and we would be greatly ahead of any competitor in this field. So onto the next level ie find more ventures of near term potential mines based on 300-600 TPD..that can produce a revenue stream of 5 million plus per year based on a one time mine investment of 4 million (strictly my guess). I would think there would be many JV..opportunties..ie investors who would like to team up with us and ride on our knowledge. From my limited knowledge it appears to be a "niche" that no one is interested in....the majors want big,big production projects. There must be dozens if not hundreds of small scale potential mining operations based on small deposits or tailings. Anyways back to what we have at hand...first step is tp prove we can make LaYesca work...then we can have the bigger dreams.