Hi Loki,
My understanding (and I could be wrong) is that the Grimstone buyout will be done in 3 x tranches. The second two coming from the cashflow of LL. Thus the recent share issue for +$7m will go to pay the first tranche of Grimstone and the balance into drilling at Pinglio and Papercorp.
Also, upon reading the Scoping Study a little slower, there is further upside for the Azuay project if San Gerardo proves economic.
Note that the gold plant is being completely depreciated over the life the Pinglio/ Papercorp project ($77.5m over 10 years). Thus, if San Gerardo does hold gold then there is a "free" gold plant thrown into the mix...
Cheers
John
- Forums
- ASX - By Stock
- news out
Hi Loki,My understanding (and I could be wrong) is that the...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)