"but will only act when the price is right (and we are on our knees). "
But why would we be? We will get financing, buy put options for our gold (and maybe the copper, too) and go on to produce 50.000/100.000/???* ounce gold equivalent.
[ * Federation? Cocu?]
If the world econmy recovers, we will make a killin' with copper. If it goes down the drain, governments will inflate their way out of the crisis and gold will go bonkers. We will profit any way - put options will make sure of that.
IMO, unless our management completely screws up Hera construction, we are pretty safe from any such plans, real or imagined ...
P.S. As I said before, the off take agreement already gives Glencore most of what it wants from a mine: basic resources for its trading side. Why get your hands dirty when others already do the work for you?
YTC Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
