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Posted On: 08/11/2017 12:38:40 PM
Post# of 10469
$PGLC / $T.PGLC The board is currently evaluating financing opportunities to implement the PFS recommendations.”
The PFS came out with estimated initial CAPEX of about $24 million and as per Pershing Gold’s last financials they had no debt and just shy of $7 million in the bank. Perkins said, “We are looking at a pretty small number here to get this project over the line. So we are looking at debt, royalties, gold off-take agreements and gold loans as well as strategic investments.” He said because the number is relatively low, “I think you are going to likely see some combination of those. That is a key piece we need before that announcement can be made by the board.”
http://resourceworld.com/index.php/pershing-g...nyon-mine/
The PFS came out with estimated initial CAPEX of about $24 million and as per Pershing Gold’s last financials they had no debt and just shy of $7 million in the bank. Perkins said, “We are looking at a pretty small number here to get this project over the line. So we are looking at debt, royalties, gold off-take agreements and gold loans as well as strategic investments.” He said because the number is relatively low, “I think you are going to likely see some combination of those. That is a key piece we need before that announcement can be made by the board.”
http://resourceworld.com/index.php/pershing-g...nyon-mine/
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