Although as always PJ won't commit on timescales, it is not unknown for a small scale production to be up and running in 6-9 months, the key is to identify enough high grade, low tonnage areas for quick, low cost processing.
if you can make even $500 an ounce margin, you only need 4 thousand per year to keep us in a self financing model after tax or re-invest in better plant to process more pay dirt and make some real $$$
The team are laying the building blocks for a much brighter and stronger future.
SLM - could be a minor producer in short timescale, which would fund much of the business going forward.
Itogon - still the "Golden Ticket" - they are working hard out there, very strong data in hand as per the RNS's and this could go one of two ways, either we take to production in longer term or it is firmed up, permited fully and then sold off.
All is aligning just in time for the sector recovery, I still believe this is a 2p share once momentum builds.
Rather be living in the West than in any country that has anything to do with Russia, including Russia! We're far from perfect here, but immensely more perfect than anything Russian. One reason why civilised Ukranians chose the West over Russia. Re Crimea - a free and fair election? Without Russian violent aggression? Anyway, c'mon ECR! Give us some real news. :)
I wouldn't be so sure that the west exercises that much freedom and democracy these days Robroy, the crimea had a democratic vote to split from Ukrane, where as the current prime minister of Ukrane hasn't been elected for example. Shouldn't believe all you read in the papers.. To get some idea of how the our west operates, some research on John Perkins might be helpful.. That's my political waffle for today
Looked like a positive update from Itogon, just need to wait and see how it all comes together - MGA, Tulla/Themac, Argy
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