What absolute BS. We have $70mil in the Bank as well as the backing of Usmanov who happens to be a Multi-Billionaire and the 91st richest man in the world who also happens to own the largest Steel Mill in Russia. I repeat, we will NOT have any financing issue's for Peru if we can prove up the Reserves which I have no doubt as well. Also remember, our cash costs are running at only US$14 per tonne total which is very very low and world class, not many IO mines run at that rate. Don't listen to all the doom and gloom, they're usually baseless tripe. Remember, Usmanov didn't buy the 2nd tranche because it was at $2.75 but like I said, watch for Gallagher to start buying on-market at these ridiculously cheap prices to bring their stake up to 19.99%!
SRK Price at posting:
75.5¢ Sentiment: Buy Disclosure: Held
